MatthewDixon

#LTC recovery underway

IF you followed my lead and bought #BTC just over 69k, you can now place a protective stop-loss at $BTC 70k and relax with a guaranteed profit which MAY grow to a decent one

Could be a good time to jump into #SOL with some tight stop-losses in place.We may well get a decent bounce from here imo

THIS IS KEYThe $BTC 69k level we mentioned has NOT been broken and so we may well get a decent ABC correction higher imo

“Truflation”A very worrying stat.Maybe #Trump is right about the need for lower interest rates.#Inflation this low and falling so rapidly should have us worried because it could stall economic growth

Remember, this was one of the main alternatives for #BTC which has further Bearish implications BUT indicates we may get a modest correction before this happens

For those that think history repeats.Time will tell but if it does then there may be turbulent times ahead- not just for #Gold

We do now have the FIRST close below the support for #LTC that had held for 9 yearsWarning was given a week ago that this break was a strong possibility and is a worrying Technical indication of worse to come.I signalled openly on 14th Jan that I was exiting major holdings awaiting better levels to re-enter

The two current dojo candlesticks here on #ETH indicate that the market is undecided.Again its wait and see time

On the one hand #LTC is showing very slight Hidden Bullish Divergence BUT this would be eliminated IF #RSI drops below 40. We also have downward sloping RSI which failed to break overhead resistance at the last "test".However, it remains to be seen whether 9 yr $LTC price support holds but we should know by the end of this week

How often have I said to watch out for major Bearish Divergences on LONG timeframes as an indication of a significant turning point in the market.What was the last serious Bearish Divergence telling us about #ETH