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UnknownUnicorn2760874
Sep 9, 2019 11:10 AM

LITECOIN price in Rising Channel Short

Litecoin / DollarBitfinex

Description

Direction: Short
Reasons for open position:
- Price in rising channel
- Key level is 61.15 $
- Price can't break key level
- So, price can descend to lower part of the channel

The information provided is not financial advice, always do your own research.
Guys, if you like the idea please put like button and if you have your own ideas you can share it in comments, I would like to see it.
Also, if you have questions you can ask me them in comments! Please no need to write them in PM, ask in comments!!!
Thank you very much for your support!

Trade closed: target reached

Comments
MysteryFox
Nice review! This is my recent idea about BITCOIN
cd1603
I am shorting to 62 dollar, with a possible wick lower to 55. Depends a bit how btc will perform next week.
UnknownUnicorn2760874
@cd1603, Yes, in any case, everything will depend on the movement of bitcoin
UnknownUnicorn2760874
@cd1603, If BTC begins to decline sharply, the alts will follow him.
BigBuxTrading
I’m just curious, what would your evaluation be if it breaks above $76?....
UnknownUnicorn2760874
@sdubyag, Well, firstly, depending on how the price will makes it
UnknownUnicorn2760874
@sdubyag, And secondly, it will most likely be a signal in the long
UnknownUnicorn2760874
@sdubyag, Thanks for your comment
UnknownUnicorn2760874
Guys share your ideas about LTC here!
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