LTC Forming Potential Diamond for 10% swing.
LTC and BTC have repeatedly formed diamond patterns that have been very accurate in predicting price action.
I'm watching LTC for another potential diamond which appears to be forming. IF it completes, measure height would be 12.15, for a 10% swing.
If it completes and breaks up, and confirms above 124.95 then TP is 137.1. If it breaks down and confirms below 112.8 then TP is 100.65.
More on the diamond here: thepatternsite.com/diamondb.html
I'm watching LTC for another potential diamond which appears to be forming. IF it completes, measure height would be 12.15, for a 10% swing.
If it completes and breaks up, and confirms above 124.95 then TP is 137.1. If it breaks down and confirms below 112.8 then TP is 100.65.
More on the diamond here: thepatternsite.com/diamondb.html
Bình luận:
A new lower has been made, but potential diamond still in play. TPs should be slightly adjusted if pattern forms. Will update price targets if pattern completes.
Bình luận:
A nested diamond fractal has formed inside the larger potential diamond. An attempted breakout above 118.11 has pulled back. Upper TP would be 124.22 for the inner diamond and Lower TP 105.89
Bình luận:
A nested diamond fractal has formed inside the larger potential diamond. An attempted breakout above 118.11 has pulled back. Upper TP would be 124.22 for the inner diamond and Lower TP 105.89
Giao dịch đang hoạt động:
Long position entered on pullback to inner diamond trendline @115.31. Expecting at minimum a test of the inner diamond tip at 118.11.
Bình luận:
Moving toward tip. Lets see if we can get a confirmation and move to the 124 TP for the inner diamond. Following trade here with a tight S/L because market conditions are ripe for a dump at any moment.
Bình luận:
TIP tested and broke. Should move to 124 now.
Đóng lệnh: dừng lỗ:
Stopped out at 118. Breakout failed.
Bình luận:
Potentially, just a (sucessful) stop hunt but market is too risky to hold.
Giao dịch đang hoạt động:
Long entered at 117.25, again will protect with a tight stop, and will up the stop as price moves up at the risk of being stop hunted.
Đóng lệnh: dừng lỗ:
Stopped out at 118.75. This is fun. Not. Oh well, will rebuy another dip. with another stop. Small profits are better than none.
Bình luận:
It TP1 hits of this inner diamond it will complete the larger diamond. Price still pulling back here though.
Giao dịch đang hoạt động:
Long entered at 115.5. Yet another diamond has formed. Looks like bulls are trying to put in a bottom here. Still downside potential risk so tight stops are mandatory.
Đóng lệnh: dừng lỗ:
Trailing stop hit at 116.8.
Giao dịch đang hoạt động:
Re-entered at 116.05. S/L at 116 and will again trail to protect against loss.
Đóng lệnh: dừng lỗ
Bình luận:
Falling out of inner diamond. Updated Price Targets.
Bình luận:
LTC Big picture TPs
Bình luận:
LTC falling out of inner Diamond expect to test support at 112 and will take long position if it holds. It would indicate we are range bound for 112 to 119.73 until it decides where to go. If it breaks, price should move toward 104.27 were price action will determine next swing.
Bình luận:
LTC 112 did not hold. Odds are any bounce from here would be just shorts covering. I am going to resist temptation to go long until we get down into the 100s.
Giao dịch đang hoạt động:
High risk. Playing a dead cat from 111.25 expecting .5 local fib retrace for a small scalp.
Giao dịch được đóng thủ công:
Stopped dead in tracks. Took profit at 112.99
Giao dịch đang hoạt động:
Round 2 111.05 long. This is not a good idea BTW. Tight stops mandatory.
Đóng lệnh: dừng lỗ
Giao dịch đang hoạt động:
Looking for a 119 TP for an exit here. Trailing stop in place
Giao dịch được đóng thủ công:
TP reached. Expecting move to up to 119.73 before retrace, but took profit while on table.
Bình luận:
Red line breached.
Giao dịch đang hoạt động:
RE-entered at 119.73
Đóng lệnh: đạt mục tiêu:
TP hit. Watching price action.
Giao dịch đang hoạt động:
123, re-entered long.
Bình luận:
Stopped out. Rebought at 121
Đóng lệnh: dừng lỗ:
Sopped at 125.5
Giao dịch đang hoạt động:
Limit buy at 124 hit.
Đóng lệnh: dừng lỗ:
Stop hit
Giao dịch đang hoạt động:
Long at 121
Giao dịch được đóng thủ công:
Took profit at 123.73. Setting limit buy at 122
Giao dịch đang hoạt động:
Limit hit. Trade active.
Đóng lệnh: dừng lỗ:
Big buy wall put up. Exited at 122.5.
Bình luận:
10% swing achieved. Looks like consolidation will lead to a larger diamond is forming. Will publish new idea with further price action.
Bình luận:
As expected, the larger diamond has formed. You can follow my new idea for a 15-25% swing coming out of the larger diamond.
