Price bounced from the strong support level. RSI and a candlestick pattern confirms price reversal. We have long opportunity and it's logical to buy above 39.50 level with stop below 32.00 level. Probably the market will make a new attempt to reach 50.00 level. Our profit target should be near this resistance level. Long trades can be opened based on the trading signals from the daily and the hourly charts.
You are right 99% of the time it seems, but I think this is the 1%. BTC is too weak right now. I think we'll retest support at $33 LTCUSD. But I'm wrong much more than you so we'll see!
DLavrov
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@mychartslie, I don't have target to make 100% true signals.
mychartslie
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@DLavrov, I realize that. I'm saying that altcoins are so intertwined with Bitcoin stability, always has and maybe always will, so going long right now on anything crypto is not a good idea. That's my opinion.
Maximilian108
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@mychartslie, LTC is BTC resistant. especially with BTC BIP on its way.
kaleruka
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so need to buy now & sell aroudn 50 usd?sorry for my bad english
DLavrov
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@kaleruka, yes, we have a buy signal and possible up movement to 50.00 level.
TNecTrade
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This signals is good =)
tradetraderson
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heading for the uptrend line, might even flash to 31ish below 50MA and FIB, nasty looking right now
prometheusthefire
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i think buy signal is on the 43 dollars level.
Forex-Lady20
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You posts seem to be always 2days behind I'm in the UK I don't know why. But thanks for doing this your analysis is good. Thank you. I'm new to trading and now I'm following you I'm getting better and baby pips which I heard from u is a good course for beginners like me. Thanks once again.