Hi everyone,
There are a lot of opportunities lately! I had never really intended to buy LTC but this looks like a great time to do so.
Weekly USD RSI cross above 50 and bounce, resting on supports without a major breakout yet. First target is 225 (20% increase).
Weekly BTC ratio looks to be bottomed out with a steady increase in RSI to the midline (although averages are still of course negative for the time being). Watch for the BTC ratio to be supported by the weekly 17 EMA which will likely occur after this initial 20% jump.
Entry is anywhere from 170-185 (current price). I would enter with a % of total you are willing you place in and follow up with the other when the 17 EMA support occurs. I'll update if we get to that point. I would consider exiting if the BTC ratio breaks out of the current BTC trendline curve and BTC RSI does not break above 50.
TP at 0.004670 or $225 and reevaluate.
I'm personally still in the DOT trade but I am definitely considering either splitting up the trade or moving other assets into this. I think due to my personal risk tolerance I would wait until the BTC ratio rests on that support but I commend anyone willing to try to catch the bottom!
Good luck as usual!
There are a lot of opportunities lately! I had never really intended to buy LTC but this looks like a great time to do so.
Weekly USD RSI cross above 50 and bounce, resting on supports without a major breakout yet. First target is 225 (20% increase).
Weekly BTC ratio looks to be bottomed out with a steady increase in RSI to the midline (although averages are still of course negative for the time being). Watch for the BTC ratio to be supported by the weekly 17 EMA which will likely occur after this initial 20% jump.
Entry is anywhere from 170-185 (current price). I would enter with a % of total you are willing you place in and follow up with the other when the 17 EMA support occurs. I'll update if we get to that point. I would consider exiting if the BTC ratio breaks out of the current BTC trendline curve and BTC RSI does not break above 50.
TP at 0.004670 or $225 and reevaluate.
I'm personally still in the DOT trade but I am definitely considering either splitting up the trade or moving other assets into this. I think due to my personal risk tolerance I would wait until the BTC ratio rests on that support but I commend anyone willing to try to catch the bottom!
Good luck as usual!
Comment:
Bought using DOT funds at 186.6. Lets see how it goes!
Comment:
205!
Comment:
Weekly entered support area (17 EMA)
Comment:
Moved out 50% back to DOT at ~213 due to possible reversal.