In this chart, im going with the 30 minute time frame to show the breakdown of the market.
The price action went bearish after the 330 peak.
The price started breaking down slowly at first, until a swift fall through the .236 fib.
The price ended up bottoming out right around the .618 fib, just shy of 239 at a key area of support.
Key levels in this breakdown:
271
251
232
This was the buy settup I was waiting for.
New Long Position opened with ATH on the horizon.
LTC is trading strong against BTC in the LTCBTC Pairing.
Man what a night!
This is not advice, this is for my record and reference as a hobby trader.
I have very little experience and knowledge. Know this.
Dont be shy to critique.
The price action went bearish after the 330 peak.
The price started breaking down slowly at first, until a swift fall through the .236 fib.
The price ended up bottoming out right around the .618 fib, just shy of 239 at a key area of support.
Key levels in this breakdown:
271
251
232
This was the buy settup I was waiting for.
New Long Position opened with ATH on the horizon.
LTC is trading strong against BTC in the LTCBTC Pairing.
Man what a night!
This is not advice, this is for my record and reference as a hobby trader.
I have very little experience and knowledge. Know this.
Dont be shy to critique.
