Litecoin (LTCH19) Hit overbought on the RSI and I am looking at a double top.
The signals are clear to me that a drop is coming.
Note: Trade at your own risk, this is not a trade. My trades for BitMEX have buy in, target, stop loss, capital allocation, time frame and additional details.
Hit LIKE if you would like to see a full trade.
Thanks a lot for the amazing support.
Namaste.
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This set up is very similar to the following one, which generated over 90% profits in a few short hours:
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I believe we can go lower. Our LTCH19 SHORT already generated 50% ROE.
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Remember to hit LIKE on these trade ideas for full trade (buy in, targets, stop loss, ROE, capital allocation and more).
Thanks for the support.
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Full trade (buy in already gone, this is just an example of our BitMEX trades. I share these when enough people are interested... You can show your interest by hitting LIKE when I share these trade ideas).
Conditions are changing and I see more of a breakout to the upside. Only if the overhead resistance can't be broken, additional bearish action can be expected.
But for now, short term, Litecoin (LTCH19) is now trending up.
C&H formation appearing, volume declining but still not bad. BTC's next move will be the decider I think.
streetgainer
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Careful!, powerful Golden Cross on the weekly is forging ahead. This is a juggernaut of a bullish reversal if it pushes and closes above the resistance hardline of 0.009785....
AlanSantana
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@streetgainer, Yes but if it does break up then Bitcoin will also break up and the entire the market... So let's hope it does.