LTCUSD Short idea, H&S pattern. Daily trendline possible broke

14 thg 5, 2017

BTCE:LTCUSD
I believe LTC have a bright future, but right now hype about SegWit is over.
Big players are quiting.
Breaking Daily trendline and $25 treshold will be complited H&S pattern, which means minimal $13 dump, I expect $12.7, may be deeper

14 thg 5, 2017

Ghi chú

Bigger picture

15 thg 5, 2017

Ghi chú

Weekly candle closed in red, and it's look like "Spinning top" looks dangerous for LTC

15 thg 5, 2017

Giao dịch đang hoạt động

Sad for litecoin, we are braked the neckline of H&Sand pattern is accomplished, and now seems it should go deeprer, i excpect retest of neckline, and then broking of daily trendline

15 thg 5, 2017

Ghi chú

Huge volume on breaking support, means, that now we have strong resistanse at that point

15 thg 5, 2017

Ghi chú

I expect bounce somewhere near to 0.382 fib, then retest of neckline. But be careful, it's dangerous to go long on bear market, better open new short on peaks.

16 thg 5, 2017

Ghi chú

Testing neckline right now.

16 thg 5, 2017

Ghi chú

Good oportunities to add some shorts. You cat set stops above necline

19 thg 5, 2017

Đóng lệnh: dừng lỗ

Stop was reached after breaking neckline. Looks like LTC have some more fuel.