Everybody is bullish again. That's because their not seeing this
Hi friends,
First of, I am actually bullish long term. However, short term we do still have some hurdles to conquer. For this reason, I still remain neutral to bearish short term.
So let's take a look at what I've got here.
You can see that Litecoin has fallen out of an important ascending channel (outlined in BLACK). At almost the same time, we also fell back under the 200dma. We're also under 58 on RSI, an important number as is 54, which we're currently just under and flirting with.
My suspicion is that little Litecoin just wants to kiss daddy 50 and mommy 200 one last time before a final send off into next year.
Be ready for that final discount window to open buyers.
Peace and happy trades.
First of, I am actually bullish long term. However, short term we do still have some hurdles to conquer. For this reason, I still remain neutral to bearish short term.
So let's take a look at what I've got here.
You can see that Litecoin has fallen out of an important ascending channel (outlined in BLACK). At almost the same time, we also fell back under the 200dma. We're also under 58 on RSI, an important number as is 54, which we're currently just under and flirting with.
My suspicion is that little Litecoin just wants to kiss daddy 50 and mommy 200 one last time before a final send off into next year.
Be ready for that final discount window to open buyers.
Peace and happy trades.
Comment:
Maybe another day or two or sideways to upward candle ticks before we drop down into our buy zone. But careful. You wouldn't be wrong to buy a little here as well. BTC is currently sitting on the precarious edge of a very important ascending wedge. BTC will be our leader on this move. Watch my other post for more on BTC's movement. If BTC stays within this wedge, we'll go higher before we go down. If it drops out, LTC will follow and should drop into our next "Buy Zone" rather quickly.
Maybe another day or two or sideways to upward candle ticks before we drop down into our buy zone. But careful. You wouldn't be wrong to buy a little here as well. BTC is currently sitting on the precarious edge of a very important ascending wedge. BTC will be our leader on this move. Watch my other post for more on BTC's movement. If BTC stays within this wedge, we'll go higher before we go down. If it drops out, LTC will follow and should drop into our next "Buy Zone" rather quickly.
Comment:
In the "Buy Zone" now. You should start your buys here. I am not sure how much lower this thing will go. Nor am I sure how long it will hang out in the "Buy Zone".
In the "Buy Zone" now. You should start your buys here. I am not sure how much lower this thing will go. Nor am I sure how long it will hang out in the "Buy Zone".
Comment:
Here's a good TL to follow on the 4 hour. Once this breaks to the upside, it's all over. Bullish trend for the rest of the summer!
Good luck traders!
Here's a good TL to follow on the 4 hour. Once this breaks to the upside, it's all over. Bullish trend for the rest of the summer!
Good luck traders!
Comment:
This is it! Smack dab in the middle of my "Buy Zone". No better time than now! Buy. Buy. Buy. Buy.
This is it! Smack dab in the middle of my "Buy Zone". No better time than now! Buy. Buy. Buy. Buy.
Trade closed: target reached:
Buy target has been reached perfectly! Congratulations on y'alls patience! Now time to make some money on those LONGS!
New post coming soon!
New post coming soon!
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
If I'm interpreting these charts correctly, this would be your new buy zone.