Read my comments read the box. Read my status and have fun trading. Don't forget your stoploss.
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wave 5 comming to the town soon
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Price profile.
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Do Not sell yet. This will rocket, cup and handle + triangle channel. Buy any dips, stop-loss below the traingle.
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Close up
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last chance for this to bounce. If it doesn't ,my stoploss will kick in
Trade closed: stop reached
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next buy point at E
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BTC/USD going down to 18500ish, which means people will buy LTC/BTC the breakout is going to happen. LTC is a good hedge against BTC for now.
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LTC/BTC sideways, weird. Let's see what happens. No action was taken for now.
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I will call it a day. I am just gonna go long for the night.
Trade active
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Yum Yum! broke out at night. Let's see whats going on right now.
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https://www. tradingview.com/x/8nBsaLx0/ second but huge breakout coming!
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I was gone for the day and it happened :D
Trade closed manually
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I got my gains on a massive leverage. Now is the time to spend money on booze!
I mainly decided to close this trade to book my profit. If for some reason LTC/USD creates the rising wedge pattern, BTC LTC will take a hit. thanks for following this trade.
Hey im new to trading and reading chart , isnt that (last pic) an ascending wedge ? wich means we go back down after it ?
Thanks
UnknownUnicorn1020621
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It's a bullish ascending triangle. The upper resistance is flat, the lower support is ascending. That is people are selling at the resistance, but the bottom price is gaining. The breakout occurs when the bottom price = the top price, and no one is willing to sell so, people start bidding higher than the previous high. This might help marketgeeks.com/wp-content/uploads/2013/04/ascending-and-descending-tr.gif
ilyes1505
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@Avasreader, thanks for the explanation , it was clear and helpful !
Good luck !
Thanks