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Matheus
Aug 18, 2017 5:57 AM

LTCBTC Yet To Show Price Action For Longs 

Litecoin / BitcoinBitfinex

Description

This pair usually needs a lot of waiting for breakouts and confirmations. Anyway my thoughts on it is that there is a possibility for a long entry after absorption of selling pressure on lower time frames. Watch PA.

Keep up the work

Matt

Comment

First daily bullish engulfing on this pair. Look for low momentum candles which will tell you when to enter. They are usually smaller body indicating market prices are in a search for sellers who may not come.
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