ThinkingAnts
Short

"Top and Bottom Analysis" LITECOIN LTC/USD by ThinkingAnts

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
4H CHART EXPLANATION:

As we explained on the previous charts, we are looking for short opportunities. In 4H timeframe, we can see:

- Bearish MACD Divergence
- Actually doing a Bearish Flag Pattern bouncing on the Resistance Zone
- If the structure is broken, the down movement will be confirmed below 75.100, so, we will be looking for Short Setups towards 61.000 Support Zone , being careful of the Ascending Trendline

Updates Coming Soon!


MULTI TIMEFRAME VISION:


-Weekly

-Daily
Bad analysis. You're not taking any stance. You state you're short but you add bullish ideas as well. Classic example of pretentious traders, not willing to risk their reputation.

A good and honest trader would stick to 1 prediction. Everyone can 'analyse' like this, which basically comes down to: "It can go up, but it can also go down."

BORING.
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Great analysis!
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