TradingView
evntdra
May 8, 2018 8:17 PM

Litecoin vs Bitcoin idea Long

Litecoin / BitcoinBitfinex

Description

Hello world!

Today i would be sharing with you my idea on LTCBTC

from the 4 hour chart, we see that there is a wedge pattern (coloured blue).

There are possibilities that it would go up, here are my reasons:

-stoch RSI looking to make a bullish divergence,
-RSI is below 50.
-currently is sitting at the 50% fib level.

we should expect it to go up, if bitcoin does not go crazy.

This is not a financial advice!

any comments or feedbacks are appreciated!

Comment

Triple bottom spotted in the 30 min chart:
More