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mostly_george
Feb 26, 2018 11:35 AM

Potential H&S on LTCBTC Short

POLONIEX:LTCBTC60
Litecoin / BitcoinPoloniex

Description

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although price is making rallies, volume is decreasing. This may signal a reversal.
On the higher time frames (6H) the chart is making spinning tops and doji


One way that the reverse could happen is via H&S .

I'm going to wait for confirmation because failed H&S patterns are very bullish.

Trade active

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LETS GO CHAMP
youtube.com/watch?v=_DRnSZhhgA8

Trade closed manually

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hoping for a pullback and another drop
Trend AnalysisChart PatternsLTCBTC
Comments
TomPower
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yeah, this thing is overdone for sure, hoping to pick some up down at your target.
mostly_george
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@TomPower, pick up as in go long?
mostly_george
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@GeorgeAlexe, be careful with that, BTC is moving. steemit-production-imageproxy-upload.s3.amazonaws.com/DQmXSE2DbUs4Gppp5KZ6QpdxeQob7ssz4v5tYP4cB4fUijx
TomPower
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@GeorgeAlexe, lol not the strap! anyway target reached nice work.
TomPower
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@TomPower, wow, you called the top, this thing is now running away. George you are a keeper
mostly_george
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@TomPower,that doji on the 6hour chart was very ominous
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