TradingShot
Long

LTCBTC Cyclical Buy Signal

BITFINEX:LTCBTC   Litecoin / Bitcoin
Pattern: Channel Down on 1D.

Signal: Bullish as the Channel Down broke to the upside and the price crossed the 1D MA50 by a wide margin similar to December 2018.

Target: 0.01400 (0.786 Fibonacci retracement on the wide 1M Lower High trend line ).
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Comments

Good work!
When altseason? This can give a clue
At least that's our opinion
+5 Reply
TradingShot CryptoBullet
@CryptoBullet, Good job !
Reply
Considering the fact that Litecoin is in the process of decline towards $11, does that mean "Lose less money on LTC than you've lost on BTC" ? :-)
+1 Reply
TradingShot ReallyMe
@ReallyMe, Personal or theoretical question?
+1 Reply
ReallyMe TradingShot
@TradingShot, The question is purely financial in nature. I like your ideas very much, by the way.
Reply
LTC/BTC will rise when BTC will be on the his bottom. BTC is go to down now. Not bottom yet.
+1 Reply
TradingShot SMART_GENIUS
@SMART_GENIUS, It is a scenario but doesn't have to be that way as long as BTC drops more. Don't forget also that LTC is a leading marker of bull market in crypto.
Reply
SMART_GENIUS TradingShot
@TradingShot, Are U thinking that bull market is now started?
Reply
Hi, thanks for that. I follow your telegram and very thankful to have found you.
For the golden cross and death cross, I read somewhere that for cryptos, it would be better to use MA70 and MA280 because cryptos are traded 7/7 (contrary to the other one which are 5/7 days and therefore usage of MA50 and MA250).
WHat is best to use?
Cheers
+1 Reply
TradingShot manolitolondon
@manolitolondon, Hi thank you for the wonderful words. For me MA50 and MA200 is a golden indicator. Use those and you will stay right on track most of the times.
Reply
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