In the lower time frames we do not see a definitive signal saying, "We WILL come down or we WILL go up from here." It's still kind of up in the air for both of them. In fact, this compels me to want to do another publication for LTCUSDT as a "correction" for the previous publication to point out the possibility for more sideways for a while. We simply need more of an authoritative move downward for both of them to push the indicators down to provide a more definitive answer in our TA.
In the mean time, if one wishes to keep themselves in the game, so to speak, you're pretty much forced to swing trade using the Daily (24h), 18h, 12h, 9h, 6h and 3h time frames. You would use the lowest time frames (3h & 6h) for more accurate entry or exit; the mid time frames (12h & 9h) for notification to look at lower time frames (3h & 6h) to make that entry or exit; and higher time frames (18h and 24h) to get an idea of where we are.
Thanks buddy- got some conflicting signals it seems, however I'm pretty bearish myself for the foreseeable future until the charts show otherwise- your input is greatly appreciated though D!
Thank you... SOMETIMES, we're forced to wait a while for more definitive signals of the potential general direction of the market. It's those times in which one may have to consider trading the lower time frames; such as the 3h and 6h; in order to keep themselves in the game to avoid missing out on a particular DEFINITIVE move up or down. However, be sure to have a stop loss/stop limit order in place as a safeguard.