tntsunrise
Long

LTC break out the Consolidation Tri-angle

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
9469 views
176
LTC break out the Consolidation Tri-angle
Therefore it is good to buy with pull back
40-42 will be a good zone for entry

we can also look for Inside Bar (Break up)
to catch the upsdie momentum.

If you do not know what is Inside Bar
I will draw in the update area.

Comment:
Comment: Look for the above pattern to trade the upside momentum.

Aim 56.00
Comment:
Comment:
Comment: Running well
Jack's Trading System:
http://www.harmonicasia.com/index/course.html
http://www.youtube.com/projack

微信助手:jackedu007 (添加信息 JACK院长)

Comments

Any Update Bro ?
Reply
Hey, Jack! Any update?
+3 Reply
Hi, what is the recommended SL for this trade?
Reply
Inside bar broke up but now it’s coming down plus markets in general are fucked. This trade is invalidated
Reply
I have a question
We have a downward trend before the triangle is formed
And triangles usually indicate a continuation of the trend
Doesn't that make the triangle unreliable here?
Reply
Hello
Reply
@tntsunrise hello!
Price reached the entry zone, would you recommed to enter the trade despite the sharp fall?
Thank you!
+12 Reply
+5 Reply
I appreciate your help!
Reply
Good anaylsis, but I wonder if you wanted to comment on the intense activity around the 43 to 49 range back in November and 23 October. 49 was a big support level so would now be a big resistance level, equate to 7400/7600 in BTC. Alex Clay below in particular focusses on 46.797 as a resistance level which was the 23 October pinbar.
Reply
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