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without_worries
Jan 4, 2023 10:03 AM

lcx.com (LCX) Long

LCX Token / United States DollarCoinbase

Description

On the above 3-day chart price action has corrected over 90% since November 2021. Now is a good opportunity to go long. Why?

1) A strong buy signal prints. (not shown).

2) Price action resistance breakout.

3) Strong positive divergence between price action and multiple oscillators. This divergence occurs over a 90 day period.

Is it possible price action could fall further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: Don’t know.

Trade active

Comment

Should the idea attract 100 likes then I'll identify when a sell signal prints for those of you not using a strategy.

Comment

50% in 48hrs... fantastic. Don't chase, wait for a higher low.

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There's a sell signal on the daily BTC pair. Might be a swing trade opportunity.

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90% in 7 days!

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120% !! - when to sell?

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170% in 13 days - Amazing.

Daily chart now printing very overbought. Might be a good opportunity to swing trade back to the 21-day SMA.

Daily chart

Comment

Did you like this trade?

Will update in the comment section below with one that is printing very much like LCX was 10-days ago. Is there interest??

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This other one is called Highstreet - and if you look below you might understand why it is chosen.

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Now over 300% in 20-days!

The 2-day chart is considerably overbought, time to take those profits if you've not done so already.

2-day chart

Comment

** swing trade **

Look for support on the 6 cent area.

2-day

Trade active

** close swing trades **

Corrective wave 2 complete. Enjoy wave 3.

2-day chart

Comment

Already a message or two asking about targets. I've no idea, just wait for sell signal to print. What can be said is Wave 3 is often the strongest impulse, which will be higher than the previous top, Wave 1. You can read about it from the link below:
investopedia.com/terms/e/elliottwavetheory.asp

Ask me to update the idea, I'm not trading 90% of the ideas I publish, if you do not ask I'll not update!

Trade active

Past resistance now confirmed as support

Comment

20 cents is the first resistance

Trade active

GRM support confirmed. Long it from 6.6 cents.

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on support

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This would be an excellent moment.

This will be Wave 3 of the larger Wave 3.

Trade active

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Nice flag breakout with high positive divergence on the daily

Trade active

on support

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Did you see what printed on the daily chart?

Trade active

Trade active

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To the moon...

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Past resistance confirms support

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Wave 3 400% move almost complete, another 80% to go.

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About another 50% to go until the target mentioned above.

Trade closed: target reached

Comment

Bang on target (again)

Trade closed manually

10x from the bottom.

Comment

Far too many messages "Is now a good long entry?"

Folks, the idea is closed the target achieved. 1000% move from the bottom only months ago. The risk reward is completely unacceptable.

The LCX-BTC pair has high negative divergence!

Comments
SwallowPremium
We really like the structure you pointed out. It looks very solid. Thanks
LitecoinFamily
World Economic Forum in Davos effect ?
without_worries
@LitecoinFamily, if it helps
without_worries
Similar charts and market cap as LUX before moving.

Does the chart look familiar?!

This is Highstreet (HIGH)

BTC pair


USD pair
rebi2222
@without_worries where do you see wave 3 completed? Around 0.20?
without_worries
@ArtfulDodger1974, Enjoying the pump?

“the micro cap manipulator and his German buddies” - That made me laugh. Die markt macht was ist will, wissen Sie nicht?

You are are the 90%. The 90% will say I’m stealing from the babies whilst they throw their toys out the pram.

The truth >>

The daily chart prints ‘Incredible buy’ as written above buy not shown as that would break TV house rules.

Second, price action prints a higher low on the Fibonacci 0.236.

Upon those two conditions I published the idea on TV.

nateca007
@ArtfulDodger1974, I think the only thing you are proving is how emotional you are.....I would suggest zooming way out, set some alerts and stop watching candles move up and down. I've seen comment after comment from you regarding your longer term time frame, why are you bothered with the day to day action?

If you're going to add value to the conversation, perhaps post a chart and debate or attempt to refute his technical anaylsis? If you are seriously accusing him of pumping every coin he posts a chart about I'm not entirely sure you've thought this through. The sheer volume of study he appears to do would dictate to most anyone that this is not probable. You can disagree with his methods all you want and you can certainly disagree with me here, but the baseless accusations aren't helping your cause.

I think plenty of people are finding value in the posts here, even if they disagree with the analysis at times. I'm confident most people are interested in the analysis and counter-arguments than they are accusations.

The author has stated umpteen thousand times he views all of this through a lens of probability...that literally means to what extent is this thing "Likely" vs "Unlikely". That's not a gun to anyone's head, that's not anyone forcing anyone to act, it's just a measure of probability. It may prove to be wrong or right, I'm just struggling to understand why you seem to be so emotionally invested in this. You are free to choose, but you are not free from the consequences of your choice....it seems like choosing to read these charts is upsetting you, why not just choose to unfollow him if you don't like the content so you don't have to be upset?
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