LTCUSD long entry is pending. I assume a corrective downward movement in the exchange rate. You can see that the LTCUSD chart is fractal copying. The pale, thin blue rectangles indicate the vertical shift of the wave sequences. My assumption is that the rise will continue. Currently, I am expecting an adjustment up to 61.943usd. The target price at the end of the rising wave sequence can be 108usd.
I’ve been watching you closely. It seems like your targets and analysis seem to be right most of the times. Well done. But how do you do it. I’ve lost so much money trading, I’m nearly giving up
meszaros
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@assadalbayati, Do not give up. This is one of the most beautiful professions in the world. You have to practice a lot. That's the secret. I am highly respected by Birger Schäfermeier, who is a great daytrader, and said that it would take at least 10,000 hours of chart analysis. Tradingview can shorten it because a lot of professional traders share their ideas. But perhaps more importantly, to have a stable Money Management (MM). This will prevent you from losing your account. The trading strategy does not need to be tested. There's the demo account. Here in tradingview is "paper trading." In the early days, you should try to keep your trading account at zero. Specifically, not to lose money. This requires opening and closing a minimum of 100 positions to analyze the results. We get the size of the upswing sections and draw-downs. We can see if our account is going up or down. IF WE LOSE IN DEMO, THEN WE ARE SURE THAT WE WILL LOSE. This is perhaps one of the cruelest laws on the stock market. There is no "mental pressure" in the demo This immediately occurs on a live account. I see at the dealers here, when they sit in a long position and the chart 1 pips, they are already panicking. Why is that ? Because they are uncertain in their strategy. That is why it is always important to know exactly what rules the exchange rate is currently in. We will never see the future. But if you know the rules of stock market movement, you can see the directions and target prices more accurately. I think it's worth starting a trading course with this. One more important thing. The trend is our friend.
CryptoMystery
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Thankn you.
Bazza6868
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I agree all cryptos waiting to start bull runs
meszaros
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@Bazza6868, So far, the movement of gold and cryptos (mainly bitcoin) have diverged. For some days it has been noticeable that divergence disappears and movements in the same direction are visible. Analyzes suggest further similar movements. This is explained to me by one thing. If the dollar begins to weaken more permanently.