POLONIEX:LTCBTC   Litecoin / Bitcoin
356 0
I love this kind of trades where you have a clear entry and a clear stop loss .

RSI is making divergences on different time frames.
bottom seem to hold
we had a bounce and a drop that re-tested the support .

On the daily, today it looks like a doji at the bottom of ta bull flag .
Trade active: LETS GO CHAMP
Comment: if the support fails, i m going short.
Comment: double top , we're at the neckline . if recall correctly, only 30% actually break the neckline. So i m keeping my long for now
Trade closed manually
Comment: Post trade analysis:

BTCUSD was forming a triangle that was likely to shoot upwards( and it did).

Case 1. BTC shoots upwards and rallies for a bit : LTCBTC goes down or sideways at best. (It can't compete with the short term rally of the BTCUSD pair)

Case 2. BTC triangle breaks downward. : LTCBTC goes sideways or down. The chances for a LTC rally when big daddy BTC is falling is low.

Strong BTC movements in any direction tend to cause alts to bleed.
Conclusion: Long was a low probability trade. A good stoploss saved me from bagholding
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out