tradedevil

Four Point Buck...

BITFINEX:LTCUSD   Litecoin
5
I'm a LTC bull. I want this to run to $100. Soon. I have two year mining contracts! I "am" a believer in it's long term potential. But I can't buy it here. As a trader, I'm inclined to be a seller until we break out of this four point channel. It's right at the confluence of the higher pivot 50% and the lower pivot 61.8. Add the channel structure resistance above... and I can't buy it. Right now, highest odds are a move to the mid teens for channel continuation and a completed measured move. I hope I'm wrong. I know this, I'll be buying with both hands if it runs under $15 again...

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