norok

Litecoin could break down

Short
norok Wizard Updated   
BITFINEX:LTCUSD   Litecoin
I received a signal that LTCUSD was starting to consolidate with low volatility into a BBK Squeeze on the 60m timeframe. The pair has had some very clear structure over the last many days holding 50% retracements of its moves upwards. With this consolidation sets up a potential breakout trade for it to break its most recent retracement level with a target back down to a former level which may hold as support.
Order cancelled:
Did not trigger the short, cancel

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