Check out my last LTC analysis' down below. My iH&S analysis NAILED it and we had a HUGE move.
If you are going to follow me, you should know at least one thing about how I trade or how I take positions. One of them being that I ladder in positions quite frequently and I will lay out how I do that.
our previous analysis' told the story of laddering from 60 down to the 30-40 area. We are in VERY good position. So! Before we get to the technicals, a couple things to be mindful of.
1. If you are still in: put sell targets below 150. If the market comes close to hitting them, gtfo if it's around that area. It's time to take profit. We'll look for another entry
2. If you got out around 90-100, it's time to start getting back in for the next move up. You can do this one of 2 ways now that you have booked a lot of profit.
A. Go in with 50% of your LTC position NOW. and a 50% buy down at the 63 area. You can also enter in more as the market moves up.
B. If you are worried about a severe down trend, you can start laddering from 70 down to 40 again.
I think a more aggressive stance is better in this case. The choice is yours.
So, we had a massive move up. A broken ascending triangle. Weekly MACD is now in positive territory and we don't have really much of a divergence in RSI, just steady movement in the upwards direction. If we get a similar move after we break this triangle again, we should move up to just below this 150 area. You can see this is at a 38.2 fib and a resistance level pulled from that doji candle. It's not precise, but we are focusing on being just beneath the 150 area for a point to exit completely if not done so or for new entries.
This move will take a couple weeks yet to form up. As long as we hold this 60 area we are in good shape.
Happy trading and hodling,
-Sherem
If you are going to follow me, you should know at least one thing about how I trade or how I take positions. One of them being that I ladder in positions quite frequently and I will lay out how I do that.
our previous analysis' told the story of laddering from 60 down to the 30-40 area. We are in VERY good position. So! Before we get to the technicals, a couple things to be mindful of.
1. If you are still in: put sell targets below 150. If the market comes close to hitting them, gtfo if it's around that area. It's time to take profit. We'll look for another entry
2. If you got out around 90-100, it's time to start getting back in for the next move up. You can do this one of 2 ways now that you have booked a lot of profit.
A. Go in with 50% of your LTC position NOW. and a 50% buy down at the 63 area. You can also enter in more as the market moves up.
B. If you are worried about a severe down trend, you can start laddering from 70 down to 40 again.
I think a more aggressive stance is better in this case. The choice is yours.
So, we had a massive move up. A broken ascending triangle. Weekly MACD is now in positive territory and we don't have really much of a divergence in RSI, just steady movement in the upwards direction. If we get a similar move after we break this triangle again, we should move up to just below this 150 area. You can see this is at a 38.2 fib and a resistance level pulled from that doji candle. It's not precise, but we are focusing on being just beneath the 150 area for a point to exit completely if not done so or for new entries.
This move will take a couple weeks yet to form up. As long as we hold this 60 area we are in good shape.
Happy trading and hodling,
-Sherem
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Previous idea, BOOM:
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SMASH DAT LIKE BUTTON
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A really nice hold, we break above 80, next stop is 100. After that we go to 140-150 area.
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So far this LTC area has held and we are moving higher. Targeting 150 area, going to get out just before that.
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We're still fully in profit on this LTC, whether you got out at 99 and re-entered at 75, you entered in new around 60 or you held and laddered in some months ago. Great positioning all around.
We have been making higher highs, which is bullish. As long as this area holds and we continue that trend, we'll hit our 150 target area.
We have been making higher highs, which is bullish. As long as this area holds and we continue that trend, we'll hit our 150 target area.
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Update:
