techgod99

Don't Get too Excited About the LTC Bounce

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
LTC is just testing a double bottom . It makes sense to buy the previous low for safe traders, but there is a slight bearish divergence on the OBV. Again I don't want to call the bottom or top perfectly but want to ride the trend, even if it means to lose some gains on the way. If LTC breaks the resistance i.e the green lines plan your trades according to the resistance lines accordingly.
Bearish downtrend. Completely agree.
There will be more bounces during the donwtrend. It's obvious.
The fact is that the price is headed to $50.
No one believed me when I said it at $250 and now, more people are supporting my idea.
First, I was a noob, a stupid, a crazy man...
Now, they believe in this possibility.
It's easier to believe in this possibility now than when it was high. It's normal and I don't blame them.
Reply
LTC next stop 305...you keep being bearish
Reply
techgod99 GazMema
@GazMema,
A humble 7% drop.

If it breaks any major resistance is broken, long position.
If any support is broken, short it.

I don't have any assumptions I do what the charts tell me.
+1 Reply
GazMema techgod99
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out