stelakis

drifting for quite sometime....

Short
COINBASE:LTCUSD   Litecoin / U.S. Dollar
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3
In any chart we look for three things: A) is there an Uptrend? (find a smart way to buy) B) is there a Downtrend? (find a way to short) and C) no trend (stay on the sidelines).

Unless the Bollinger Bands (BB) begin to squeeze as the first two arrows show no action A or B will be present. Right now the daily chart shows drifting sideways with the potential for lower prices as we are still below the middle BB. We do have "news" driven action here and there though...consider that noise...opportunistic noise... if that is you, trade it...but that is not me. I am staying on the sidelines until the BB begin to come closer and closer together. The closer the BB stay together the bigger the resulting event upon their separation...question is will be type A or type B action as described above....

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