Come one, come all. Learn the art of the ladders. Folks, if you have been following me and you laddered your positions in as I outlined in many many previous posts and subsequently bought from 80 down to $50 and possibly even $40. Your weighted average should be around $65 area depending on what you did. Meaning, if you gave what I said ANY credence. You are profitable in one of the worst bear markets ever and one of the steepest declines in crypto. You are welcome.
We ladder in bear markets to prevent loss and it worked out well. We are going to ride our laddered positions up to this $150 area. We want to see BTC go up to $6k area to see where LTC ends up.
LTC has had the most strength by far among all the crypto's and it continues to demonstrate that even, as I type this. I think we have a ton of upside potential with this one. Here are a couple of things going on right now.
1. Bull Flag . Take a look there it is.
2. Confirmed Ascending triangle . Identified by higher lows and a break of this upper support area at $65
3. RSI and MACD are positive.
4. I am making up a new term. I call it a bull triangle. Where an bull flag and ascending triangle look to be forming. Boom, there you go. Bull Triangle
Even as I write this, we show strength.
Happy Trading and hodling,
-Sherem
We ladder in bear markets to prevent loss and it worked out well. We are going to ride our laddered positions up to this $150 area. We want to see BTC go up to $6k area to see where LTC ends up.
LTC has had the most strength by far among all the crypto's and it continues to demonstrate that even, as I type this. I think we have a ton of upside potential with this one. Here are a couple of things going on right now.
1. Bull Flag . Take a look there it is.
2. Confirmed Ascending triangle . Identified by higher lows and a break of this upper support area at $65
3. RSI and MACD are positive.
4. I am making up a new term. I call it a bull triangle. Where an bull flag and ascending triangle look to be forming. Boom, there you go. Bull Triangle
Even as I write this, we show strength.
Happy Trading and hodling,
-Sherem
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Smash that like button, where I identified the IH&S pattern. I don't think anyone was identifying that, were they?
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Oh, and SMASH THE LIKE BUTTON.
HEre is where I first started telling you to ladder in LTC back in JULY AND AUGUST of 2018. Started laddering and flipping trades WAY EARLY before the decline.
HEre is where I first started telling you to ladder in LTC back in JULY AND AUGUST of 2018. Started laddering and flipping trades WAY EARLY before the decline.
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We are still holding p with strength and gradually moving up. We should get a larger move here soon.
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We're getting a bit of a pullback. We could form a formal bull flag or still remain in this triangle. I zoomed in so you could see the lines and some possibilities. BTC still has a lot of upward pressure along with the rest, we should see another move, or ltc will at least hold it's position while everything moves up, as we have seen. We are completely positive on our ladders. While it appears it's going to have another push up. If you are stressing about it. Take profit, look for another entry, scale back in. Don't let your profit go from you.
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update:
