tinusbotha
Long

BTC LTC 30min trade

BITFINEX:LTCBTC   Litecoin / Bitcoin
Possibility on a fun day trade opportunity. Stochastic and MFI in an upward channel with MFI about to touch support.
We also have a wedge pattern forming indicating a "higher" probability breakout. Of course could be either side.
Awaiting confirmation with an increase of volume as well as a price break upward out of the wedge .

Another possibility if we see prices touch support line of wedge and bounce we can take a small long position as an earlier entry point, better probability for a price increase although it might smaller gains!!!
Excellent
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