LTC is looking bearish toward the apex of a symmetrical triangle. (On the 4 hour time frame) Usually lower timeframe triangles are less reliable but they can still lead to a move. Maybe of a few %.
Here's what I see happening.
As always let me add my disclaimer. I'm a non professional speculator sharing my trades and analysis for my own trading improvement. These posts are just an exercise in trying to better understand the market and work toward more profitable trading.
They shouldn't be interpreted as investment or trading advice but are rather simply my interpretation of the market at a given time.
Here's what I see happening.
As always let me add my disclaimer. I'm a non professional speculator sharing my trades and analysis for my own trading improvement. These posts are just an exercise in trying to better understand the market and work toward more profitable trading.
They shouldn't be interpreted as investment or trading advice but are rather simply my interpretation of the market at a given time.
Comment:
Trolls these days... fucking brutal.
I could go without them. However I appreciate the whales.
I could go without them. However I appreciate the whales.
Comment:
For those who don't know whales are large traders (and/or algorithms) who control large amounts of capital and can move the market anywhere they want. Legend has it whales can be occasionally seen on the charts. Ofcourse I wouldn't really know anything about that.
Not financial advice.