Looks like altcoins are about to take on some water in the near future. It's not only LTC, but multiple other coins I've taken a look at are showing signs of a sell-off in the VERY near future.
Textbook Elliot Wave for LTC at the moment. If you are a bullish trader, I'd highly suggest that you wait for the trend to surpass the 2/1 resistance line WITH a proper buffer to ignore potential noise in the markets before you begin to classify LTC as a "bull-market".
Textbook Elliot Wave for LTC at the moment. If you are a bullish trader, I'd highly suggest that you wait for the trend to surpass the 2/1 resistance line WITH a proper buffer to ignore potential noise in the markets before you begin to classify LTC as a "bull-market".
Trade closed: target reached:
Closed position due to potential upswing to 2/1 retracement.
Made profit, all that matters!
Made profit, all that matters!
Comment:
^ Meant to say "bearish" instead of "bullish". My mistake.
Trade closed: stop reached:
-8.4% for the day. I think it's going to go much lower, but if I were you (for those who took the short position), I would close out the trade.
Remember: The only important thing is that you took profit. That's it. Don't be too greedy!
Remember: The only important thing is that you took profit. That's it. Don't be too greedy!
Comment:
Looks like we are nearing another attempt to break the 1/1 retracement angle.
Let's see what happens.
Let's see what happens.
Looks like we are going to see a bullish market for much longer...