I am back again with another market analysis. If you have no idea where I have popped up from that is ok, check out my blog which will give you a little insight into my trading journey.
LITTLE BIG MOVEMENT LATEST BLOG POST
LTC/USD - With price currently moving sideways along the VWAP, I believe this is an excellent time for LTC traders. This week I did not do a midweek market analysis on LTC, but what I love about the cryptocurrency is there is less crazy volatility. On the other hand, volatility makes for great opportunity. If you check the price on 6th-8th April, you can see that the ATR deviation band were tested multiple times before retracing back down to the VWAP. The pullback is excellent because it is now enabling long term investors to add to their holding. If you are looking to buy LTC, then ensure you make your purchase under $80. At the midpoint of the month, LTC has already retraced 15% and is the reason why you should never buy above the VWAP.
"Patience is the key to any market" - Nathaniel
Next update will be in the coming week - Thank you for your love and support.
To make my life easier I have built a custom pine script indicator, which gives me an indication of where the value price is based on the criteria I used for my market analysis. Watch this space :-), but I think it is publicly available already, so be my guest and use or enhance the indicator. Just let me know if you make any improvements as it could help me as well.
Regards
Nathaniel - "THe BiPolar TraDer"
Little Big Movement
LITTLE BIG MOVEMENT LATEST BLOG POST
LTC/USD - With price currently moving sideways along the VWAP, I believe this is an excellent time for LTC traders. This week I did not do a midweek market analysis on LTC, but what I love about the cryptocurrency is there is less crazy volatility. On the other hand, volatility makes for great opportunity. If you check the price on 6th-8th April, you can see that the ATR deviation band were tested multiple times before retracing back down to the VWAP. The pullback is excellent because it is now enabling long term investors to add to their holding. If you are looking to buy LTC, then ensure you make your purchase under $80. At the midpoint of the month, LTC has already retraced 15% and is the reason why you should never buy above the VWAP.
"Patience is the key to any market" - Nathaniel
Next update will be in the coming week - Thank you for your love and support.
To make my life easier I have built a custom pine script indicator, which gives me an indication of where the value price is based on the criteria I used for my market analysis. Watch this space :-), but I think it is publicly available already, so be my guest and use or enhance the indicator. Just let me know if you make any improvements as it could help me as well.
Regards
Nathaniel - "THe BiPolar TraDer"
Little Big Movement
