Yesterday I told you guys we would see a downward move out of BTC, LTC and STEEM and sure enough we are seeing the break on the downside right now.
1 Hour chart for LTC:
You can see a breakout to the downside from the channel it had been making the previous two days. We are looking for resolution of this to be around $135 to $118. I would put buy entries at both of these levels to try to catch the rebound.
1 Hour chart for BTC:
Looking at the chart for Bitcoin you can see the breakout as well and the move to the downside. I am expecting a reversal around the .618 to .786 retracement lines. Put buy entries around those points.
1 Hour chart of STEEM:
The final chart of STEEM shows the break to the downside as well. Expect to see a reversal around the $1.67 or $1.54 levels.
As a reminder I am looking more off of patterns and how the charts move for my predictions. The numbers where we will see the price find a bottom might be different than my predictions as I am solely making these predictions off prior trends within the markets. Do your own research before placing your entries as the price could fall much lower than I am guessing. As always have a great day and an even better one trading.
Yesterdays post pre-breakout:
https://steemit.com/steem/@ricjames/cryptocurrency-trading-update-btc-ltc-steem-march-16th