LTC Ascending Triangle Long

Litecoin / BitcoinBitfinex

Description

⋅ Jan 2, 2018 8:24 AM

I suspect everybody including myself waiting for a pop on litecoin, so this is what might happen?
stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:ascending_triangle_continuation

Trade active

⋅ Jan 3, 2018 12:05 PM

This is a buy in anybody's books!

Trade active

⋅ Jan 5, 2018 6:50 AM

Zoomed in nice little Eve & Adam forming?

Trade closed manually

⋅ Jan 5, 2018 10:29 AM

Cut my losses as looking more like Triple Top:-

Triangle

Comments

cbarkly

⋅ Jan 4, 2018 1:15 AM

support broke
OUTSIDE triangle now./

zippy1day

⋅ Jan 4, 2018 5:54 AM

@cbarkly, Yes I agree it has broken support but also bounced off falling wedge so hoping this a "bull wick" and we retrace from here anything yes will be bearish!

powr

⋅ Jan 3, 2018 6:28 AM

looks good. if btc however goes on another run we could see this formation go to shit, our trendline could also break. keep your eyes peeled

zippy1day

⋅ Jan 3, 2018 6:32 AM

@powr, @zippy1day, Your right of course if you believe btc still coupled at the hip, I am hoping this will be broken as all alts start to rise out of phase with bitcoin?

RevillezaLex

⋅ Jan 2, 2018 5:58 PM

Sorry, I'm a noob. Does your graph suggest that LTC will probably hit low below 0.010200?

zippy1day

⋅ Jan 2, 2018 6:01 PM

@RevillezaLex, If which I believe it could be an "Ascending Right Triangle" then this is a bullish pattern and so that target which I do not recognise is unlikely but not impossible!