LTCUSD - Hang in there!

See callout bubbles. Overall, LTC bears are just taking their turn at running the show for a bit. However, as you'll see, they are making a big mistake by selling their LTC into an area where LTC is in demand. Don't follow the crowd! When you see red, think green is right around the corner. Price is right now coming right into our demand (buying level), so let's see that bounce! It was nice to see all that green since last Friday, but it's irrational to assume that things will always be green. You gotta take the green with the red.

All in all, we've been sitting through some drawdown the past 2 days because it takes money to make money. The business world understands this, and we who trade/invest should become more familiar with the concept of 'drawdown' so that when it happens with our investments, we can expect it, stick in there, stay confident, and patiently wait for the drawdown to turn around into making profit again!

Stick with this one. I smell another busy season ahead. Who's with me?

Always measure your risk and be okay with being wrong ; )

Trade active:

Price just touched our level and is moving away nicely. Looks like bulls might be moving back in as expected.

Trade active:

Bingo! It looks like we are getting the bounce that we expected. New idea published today with analysis in callout bubbles.

LTC is looking healthy. Price levels where we expected buyers are holding. Let's continue watching LTC grow.

; )