From my last idea about
LTCUSD
on the weekly:
"Personally, I feel this a valid time to accumulate given the very bullish news around crypto and blockchain technology in general in the last few days. I plan to hold for a while as the ratio is very low vs. BTC , see: COINBASE:LTCBTC . I'm a very firm bull on COINBASE:BTCUSD but also believe that LTC is at a low ratio, and with great signals for a potential trend change vs.USD."
This was while price was at around $58.
Key takeaways now:
I still feel like this is an excellent time to accumulate.
Only thing I don't care for is the Stochastic RSI still heading downward, however this indicator is quick to move, so solid bullish movements will correct it quickly.
DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
"Personally, I feel this a valid time to accumulate given the very bullish news around crypto and blockchain technology in general in the last few days. I plan to hold for a while as the ratio is very low vs. BTC , see: COINBASE:LTCBTC . I'm a very firm bull on COINBASE:BTCUSD but also believe that LTC is at a low ratio, and with great signals for a potential trend change vs.USD."
This was while price was at around $58.
Key takeaways now:
- Stochastic appears to be turning upwards while on a red candle. Means it is hard to push that indicator down at this time.
- Bounce from bottom BBand.
- MACD histogram getting really low, potential crossover still.
- Green 50 Week MA forecasted potential cross above Yellow 100 Week MA in about 6 weeks with current prices.
I still feel like this is an excellent time to accumulate.
Only thing I don't care for is the Stochastic RSI still heading downward, however this indicator is quick to move, so solid bullish movements will correct it quickly.
DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
Like and follow!
💻 Website: www.bigbits.io
📺 YouTube: www.youtube.com/bigbits
🎮 Discord: discord.gg/rapMn4z
🐦 Twitter: twitter.com/BigBitsIO
💸 Save $30 on TradingView Paid Plan: bit.ly/2CaRfjs
💻 Website: www.bigbits.io
📺 YouTube: www.youtube.com/bigbits
🎮 Discord: discord.gg/rapMn4z
🐦 Twitter: twitter.com/BigBitsIO
💸 Save $30 on TradingView Paid Plan: bit.ly/2CaRfjs