LTC has just broken out of its downtrend channel after printing a wide ranging bar and pullback to support.
Buy here with a stop below the recent low or enter on a stop buy above 81.
Buy here with a stop below the recent low or enter on a stop buy above 81.
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Exit with 15% profit... nice
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I wouldnt get greedy here... there will be a better place to get back in.
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LTC bounces nicely from resistance to support. Need to let it consolidate here before looking for another entry.
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Like i said...its best not to be greedy and sell on the way up! I made over 15% in half a day today... i could have made 19% at the top... who cares as its now lower than when i sold ? why on earth would i HODL unless i was insanely greedy and asking to be punished. I am patiently waiting for another opportunity to pounce. Like a tiger stalking a gazelle is the only way to trade... if you are trading that is... HODLing works ONLY if you get in cheap and get out expensive which almost NEVER happens in the retail market... most buy too high and panic and sell low. Thats why i trade and sleep well at night. I cant HODL crypto... its is too freaking stressful with 10% a day moves ! Anyway... i think LTC and all cryptos including BTC will be a bit cheaper soon... but i might be wrong, in that case i have stop buy orders above the current structure to catch the move even if im asleep... Best of luck trading! Give me a like if you enjoy my ideas!
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LTC is gathering steam right now... potential bull flag on lower time frames.
Im waitng for the hourly close to make any decision here.
Im waitng for the hourly close to make any decision here.
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We are in a bear flag formation which points to further downside as per my initial analysis. My stop buy order is now above this intraday flag.
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I juswt bought some broken my flag... lol! :::)
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Im back in ...if this ends up a pinbar back into the flag i am back out!
Lets see.
Lets see.
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I exited at resistance as this is correction mode and now LTC is back at support while BTC approaches my 6666 level. We could be setting up another buy opportunity here shortly.
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Im looking for one more pullback here on 15M to a new low for a potential buy.
I already picked up a little at the prior low. Keep in mind this is most likely a very short term trade!
I already picked up a little at the prior low. Keep in mind this is most likely a very short term trade!
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Im back in on both BTC LTC now looking for a short term long trade.
FYI i am now using LTCUSD (bitfinex) strictly for my analysis. I do not believe in using stablecoins for accurate TA. So you would need to convert any levels for LTCUSDT.
FYI i am now using LTCUSD (bitfinex) strictly for my analysis. I do not believe in using stablecoins for accurate TA. So you would need to convert any levels for LTCUSDT.
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This bullish structure is a good entry area.
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LTC complete corrective structure. Now we need a 15M close above 84.73 to confirm the buy signal.
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Looking good, not quite out of the woods yet, we now need to clear the 86.61 level to confirm the trend is resuming.
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Profit target on this trade is set at 91 Stop loss @ 84.19 Good Luck Trading and shoot me a like if you like my ideas!
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86.61 shows to be a problem on 5M chart. This is the level that a) the downtrend can resume from or b) a breakout to resume the bull market... A stop buy above this level is a good strategy but make sure to put a high limit in case it expands rapidly.
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We just had most intraday bars close above 86.61 ! I expect some fireworks shortly. Stay tuned.
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Failed breakout of 86.61 level. We now have a pullback to previous high and trendline, both very bullish! We could see resumption of the downtrend from here so beware. Have a stop loss order below the low . Otherwise thisngs still look great here short term.
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We formed a nice pinbar on 15m chart right at the previous high level... sweet but i am still looking for one more swing down to lower support at 62% golden mean, a typical wave 2. Still long and bullish LTC.
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My stop buy level is 86.72 LTCUSD (bitfinex)
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Silver continues to get beat to death in prices and in media. Its approaching a super deal price now! Feels like a bottom in PMs right now.
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crytpo top...im out, invest in gold schmucks!
Chinese gold ready to break 6 year highs.
Chinese gold ready to break 6 year highs.
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LTC has broken down from its channel. The trend is down. We have a couple of bounce areas coming up but i doubt the first one will hold. Im looking more in the 77 dollar range. The up trend in cryptos for now is OVER.
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Who said 77 ? Oh yea ME !