LTCBTC SHORT 1D - SHORT SET UP IN CONSOLIDATION PATTERN
Bulls tried to put LTCBTC PA above 21 twice since september bounce. Not only has been impossible but also bear signals are around again:
1.- MACD signal is still below zero line, and bearish crossover just happened.
2.- ADX-DI is on "sideways" area, but DI- is dominating DI+
3.- Stoch, which is the indicator i use on sideways movement, is not on oversold territory and has crossed in the bearish way.
4.- Volume appeared on 24sept bounce, becoming from bulls, but now, almost testing again same point, volume is not appearing.
So I am entering short trade, expecting LTCBTC making a lower low. I will close the trade when bearish signs dissappear.
This is my journey, this is not an advice.
1.- MACD signal is still below zero line, and bearish crossover just happened.
2.- ADX-DI is on "sideways" area, but DI- is dominating DI+
3.- Stoch, which is the indicator i use on sideways movement, is not on oversold territory and has crossed in the bearish way.
4.- Volume appeared on 24sept bounce, becoming from bulls, but now, almost testing again same point, volume is not appearing.
So I am entering short trade, expecting LTCBTC making a lower low. I will close the trade when bearish signs dissappear.
This is my journey, this is not an advice.
Trade active:
4-5% profit ATM, and everything is going smooth following our plan, not alarm signs:
1.- MACD going down growing histogram
2.- ADX sideways DI- growing distance
3.- Stoch bearish.
4.- Volume growing
5.- PA below 21EMA and breaking trendline.
Fantastic profit at this moment!
Not advice, just my journey
1.- MACD going down growing histogram
2.- ADX sideways DI- growing distance
3.- Stoch bearish.
4.- Volume growing
5.- PA below 21EMA and breaking trendline.
Fantastic profit at this moment!
Not advice, just my journey
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