LTCBTC Long 25% - Double Bottom Setup

LTCBTC appears to be in the process of forming an Adam and Eve double bottom presenting a possibility for two swing trades . Learn more about the pattern here: thepatternsite.com/aedb.html

Aggressive risk takers can look for the good buying opportunities to open long positions now as the even portion of the bottom forms. The the first target price for aggressive traders us a retest the just short of the .005 resistance for an 11.18% gain, which upon a breakout can be held to the second target price of 0.005539 for a 25.18% gain.

More conservative traders can following the trading advice on pattern site link and open a long upon confirmation of breakout above the .005 resistance and look to exit the position near the second target price of 0.005539.

www.tradingview.com/chart/hM3tBkIT/

Comment:

Up 7.15% from the bottom so far. Eve should continue to and move toward the peak between the two valleys just short of .005.

Comment:

Retrace back to the the first level of fib resistance at 786.

Comment:

Up over 10% off the bottom so far.

Comment:

10.26%

Comment:

.005 resistance being tested now.

Comment:

Another push up. .005250, getting closer to 20% gain. Good place to start taking profits.

Comment:

Hit .005438 overnight (22.98% gain) and just shy of the final .005539 before Crypto in general saw heavy profit taking as BTC breached 12,000.

Trade closed: target reached:

Target price 0.005539 reached for a 25% gain followed by a strong rejection just short of the 200 day ma.