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theCrypster
Feb 20, 2023 10:48 AM

#LTCBTC - A Small but Profitable Short Short

Litecoin / BitcoinKraken

Description

#Litecoin has recently reached new highs and has been ranging in the upper band since late last year. We appear to be consolidating within tighter ranges recently and can see a small but profitable drop to meet the ascending trend line.

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Comment

We didn't quite make it to the trend line just yet - but there's still plenty of space here to get that downward move in!

Comment

Well this fresh downward move broke below trend support and then some!

We don't mind being incorrect when our expected profit has more than doubled

Comment

As #BTCUSD exploded up in recent days, it looks as though #LTCUSD didn't as this chart of #LTCBTC has dropped and then some!
Comments
JoeChampion
Brilliant job, keep them coming!
theCrypster
@JoeChampion, Thanks bro!
ProjectSyndicate
premium technical setup for swing traders
theCrypster
@ProjectSyndicate, Cheers buddy ✌️
melikatrader94
great work. I am interested to see your ideas.
theCrypster
@melikatrader94, Thanks! 👍
ceciliones
very clear
theCrypster
@ceciliones, Thank you!
Gold-Tech
Wow, this is interesting. Your idea is mostly correct
theCrypster
@Gold-Tech, Thank you
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