litecoin:native is an example of good structural movement. We have two Livermore pivot point/retests before price moved higher. This is the basing structure you look for on the smaller time frames as it shows these details. You don't want to see massive green candles without any structural retests. Yes, it's slow and methodical but it's solid because the asset is acquiring the appropriate liquidity to push higher every time it performs these retests at pivot points. You won't see these details on higher time frames. Once an asset reaches key fib levels, such as the .618, .702, and .786, I always go to the smaller time frames to see these details to determine if the consolidation structure looks bullish or bearish. As I write this I am now seeing that Litecoin has broken above what I thought might be a bullish ascending triangle forming.
Eric Van Tassel (Not a Financial Advisor!)Share

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