moon333

LTCBTC almost completed big Butterfly move | Upto 400% expected

Long
BINANCE:LTCBTC   Litecoin / Bitcoin
On the long-term weekly chart, the price action of the Litecoin has almost completed last leg of bullish Butterfly pattern and soon it will be entered in potential reversal zone. I have placed the pattern up to 1.618 Fib only for the educational purpose otherwise it is not possible that the priceline may enter in negative zone. Previously I shared an idea of litecoin’s big bullish BAT , so the maximum extent of the potential reversal zone can be considered as the maximum buying zone for this Butterfly move as well.

Stop loss:
The maximum extent of the potential reversal zone can be used as stop loss.

Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 400%, and the loss possibility is only 19%.

Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.


For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
https://www.patreon.com/moon333

Comments

Point D on your chart is a negative price.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out