FoxTrading

LTCBTC point of decision

BTCE:LTCBTC   None
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13
LTCBTC is heading to a major support level . with a oversold rsi on the weekly we could see a bounce here. if 0.005850 wont hold i expect a big selloff. Looking to risk reward it might be a good long here with a stop under 0.00580. if it doesnt hold the support it will make 3 year lows.

Happy trading,

Foxtrading

Comments

almost time to buy
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FoxTrading FoxTrading
@FoxTrading, its time
+1 Reply
Turco FoxTrading
@FoxTrading, IT IS TIME!
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daaumn, right on the money... another chart would be good master...
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Big selloff coming?
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FoxTrading AndreyDrogal
the multi year bottom on ratio havent been taken out yet. 0.00585 is the key level to watch.
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AndreyDrogal FoxTrading
Multi year bottom was broken. It means time for opening short position?
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Agreed, had big volume spoke on weekly candle to .00612, then been real low/diminishing ever since...tells me the downtrend losing steam
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