BTCE:LTCUSD   Litecoin / U.S. Dollar
547 6 5
Found a good potential for a channel play. Hogs just got slaughtered on the original break out level of 21.85. Very volatile bottom should be the low. Look for long entries while in the channel and place stop below last bottom at 20.11 or on the channel up to your risk tolerance. Target 35

Market is very volatile and lots of news traders are trying to digest. Be careful and good luck as always.
push up to 27 area, smash down to 12 before uptrend to new high's resume
was just drawing up the same channel when your notice popped up. Now if only I hadn't shorted so near that bottom already :(
Kazonomics ronfkingswanson
That bottom was rough I started buying it down at 22 - 20.50 then got kicked out at 20.20 when that wick formed I didn't buy it back my positions till it was going thru 20.50 and since it w as a market order in that fast market it slip me to 20.99. It was moving so fast was really crazy. I traded the bottom at 9 and the sentiment and market action was similar.

Saw people calling up spouses explaining where all the money for food and bills went lol. Think that kicked out all the late comers. Unless it violates 20.21 right now or the channel over time I am just looking for long plays. It could still be making the bottom so trading carefully incase of another mini crash type move. GL
Kazonomics ronfkingswanson
Exited all at 24- 24.20. Flat on it at the moment...playing tight incase it does do something else crazy. Are you in a position now or waiting as well?
closing my bad shorts near the bottom would have hurt too much, so I'm sitting on them. Ugh. I'd need a retouch of the bottom or a complete collapse of the lower channel to come out profit on those.
Kazonomics ronfkingswanson
I'm think 21.85 is the level to keep watch of. If it sets up right anywhere in that area I'm a buyer stops under 20. Honestly though I don't see it making it there unless its gonna just smash right thru it. Good luck mate!
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