Litecoin has given us 400% return since April...Lets beat that!
For those of you that follow me you'll recognize this chart. It is pretty much the same chart I posted in April but I've added some new predicted directions that should last us until the end of the year. As you know from our last trade we closed up shorts at 49.65 and went long. The chart is pretty self explanatory and, as you know, I mostly just look for the big swing trades and let them ride their course. I've discovered that it less stressful to to do it that way and, more often than not, you will make more money trading the swings versus jumping in and out of trades.
The April idea was about as perfect as you can get and I hope this one will resemble the last one. Enjoy and lets hope that this trade will make for a very nice Christmas.
The April idea was about as perfect as you can get and I hope this one will resemble the last one. Enjoy and lets hope that this trade will make for a very nice Christmas.
Comment:
I know a lot of people were skeptical when I posted this chart back in April. I imagine a lot of people will be skeptical when they see my current targets. So, before making any smart comments, I'd encourage you to click on this chart and watch how price followed the predictions almost perfectly for the past four months. Obviously not every trade is perfect but I see this as a great trading opportunity. Best of luck!
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I hope these charts of several different coins will help you see why I have turned from bear to bull and why I think you should too.
Bitcoin tests 6k level at parablic support:
Litecoin falling wedge reversal pattern into parabolic support:
Monero falling wedge reversal pattern into historical support:
Dash falling wedge reversal pattern into parabolic support:
XRP falling wedge reversal pattern into historical support:
Bitcoin tests 6k level at parablic support:
Litecoin falling wedge reversal pattern into parabolic support:
Monero falling wedge reversal pattern into historical support:
Dash falling wedge reversal pattern into parabolic support:
XRP falling wedge reversal pattern into historical support:
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Ethereum falling wedge reversal pattern into parabolic support:
XRP falling wedge reversal into historical support:
XRP falling wedge reversal into historical support:
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People are overly bearish but let's think about it this way --- 7 ETFs denied today and we are still holding support.
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Sorry, this is the one I wanted to post.
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This is an interesting area for litecoin. We have a lot of resistance here and we really need to see litecoin breakout. If we can get through, I expect a big move but it is something you should keep an eye on.
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We are super close to a breakout... Fingers crossed.
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This is what I'm seeing.
Order cancelled:
FYI...I am out of this position for a small profit and will update with new idea when I am able to.