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meszaros
Feb 13, 2021 10:28 PM

LTCUSD Update. Long

Litecoin / U. S. DollarKraken

Description

LTCUSD Update.

continuing the analysis, I expect a further rise. It can be seen that we are walking in the second ascending part of a triple ascending wave sequence. It can also be seen that the rise is of a momentum nature, so I do not see a short entry at these levels as a realistic decision. The size of the second wave sequence may be the same as the size of the first wave. This means. that the next level at which I expect a correction move is 267.15usd. It can also be considered a target price. At this level, I expect a correction up to 237.55usd, according to the wave sequence calculations. I then expect a third, shorter rising wave sequence with a target price of 311.79usd.
Comments
rufarokloe
Is your strategy the same as btmm
meszaros
@rufarokloe, seekingalpha.com/article/4032427-wonderful-world-of-fractals
This is a great article. It summarizes the basis of my strategy very well. The author of the article is an excellent trader and analyst.
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