Continuing our trade review series with LTC, I'm gonna show you the actual trade where I was triggered in yesterday and how I played it, including journaling the trade, which is crucial. Have fun watching! ;) If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to...
If you had a $30k account size, you just made $3k in one hour , taking a high probability trade , as I had posted the setups since Sunday, constantly stressing how important this break is gonna be. LTC, just like EOS, broke around 10% until the lows. So instead of being the pig, who eats everything in front of him (aka constantly overtrading on the 15min or...
Dear Litecoin traders, let's first have a look at the last analysis: => We perfectly upheld the purple rectangle as support. The difference of Litecoin's H&S pattern to BTC's is first of all the neckline, which is much wider in the range. So the break of 95 would first of all have to see follow-through underneath 92. Once that zone is broken though, we could...
Hello dear LTC traders, hope you're doing well guys! ;) LTC/USD did hardly move after the break of the EQ, the reason is rather in the LTC/BTC chart, where we've broken down out of the 4H Bear Flag, and still have downside potential. I'm gonna show you in this tutorial how to reconise S&R zones with the LTC/BTC chart. Have fun watching! ;) If you had some...
The Basics of Trading with EMAs using Multi Timeframes MTF Explained To be able to trade successfully you need to understand how timeframes influence price movements. Here I'm using the Litecoin D1 chart to illustrate. On a chart you can see 3 sets of EMAs from different timeframes with crosses marked by dots: 12 (aqua), 26 (purple), 50 (red), 200 (blue) D1,...
Just a quick mention on something interesting I stumbled across while constructing my long term LTCBTC strategy. During the 2015 recovery phase after the bear market, Litecoin started rising aggressively prior to Bitcoin and led cryptos into the start of the new bull market. At some point it pulled back considerably and BTC started gaining momentum and lead the...
Al Po's Bands - why I love it so much? It gives me great indication for long term trading. 1. Open any chart (I prefer weekly or monthly timeframes) 2. Switch Global Overbuy/Oversell boxes inside your settings to "On" 3. Reset both Deltas to 1 4. Check Basic Sequence Length(default 4) Setup(default 9) and Countdown(default 13) That's it! Let's trade : +...
I've seen this happening a lot lately (past few weeks). There is good range on some of these wicks on the short term time frames! Its only about 2 percent but these are easy if you are watching. I simply set a buy 1 historical resistance line under the current historical resistance. THEN SET AN ALERT at your buy price. If the price drifts down pull your...
Litecoin showing great setup of Re-Accumulation (Bull-Flag) and you can find this chart easy to use on other assets where you can find Descending Wedges. My previous Litecoin analysis was posted on January 23 2019, achieved about 45% profits so far, and still active targets.
Not financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. This is similar to my Bitcoin analysis however Litecoin has been finding support above the 50 day moving average and just found resistance at the 200 day moving average. When you look at the ADX, you can see that buying...
Gann box is a powerful tool when used properly on a scaled chart.. it will reveal hidden time pivots. Each box equals to 6 days (48 bars) and divided in 3 sections (red lines) of 2 days (16 bars). enjoy! Cheers, Keops
Similar price action with EOS but may be forming a triangle while EOS is either on a complex B or an ending diagonal (this is more likely). 5H RSI similar to Bitcoin, its either do or die as we get closer to the weekend. There is no good entry here at this time although the closer it is to 54$ the better. Running flats are uncommon this is just for monitoring .
Hi everyone. I hope everyone is fine and doing well. Sorry I have been very busy at work these days hence was unable to post anything. The previous chart was getting too 'long' for the updates, hence I am posting this one. Many things in the pipeline. EOS and TRX have their main-net launch dates within the next few days. Still, because of the overall market...
Ticker: COINBASE:LTCUSD Timeframe: 1D/2-3 years Quick LTC long term theory more for me to reference back to. Will also dabble with a long term bear theory even though it scares the living piss out of me. Short Term: Slightly Bearish Mid Term: Neutral Long Term: Bullish Af Current Market Sentiment: Tired of the FUD, Skiddish Bear
Patience is a great quality in trading. Why ? Simply because it helps you not ceeding to impulsivity and it helps you decreasing mistakes. Patience in trading is similar to patience in poker. A good poker player will wait hours to get the best hand possible. He will wait for a very good pair like AA or KK instead of risking losing with weak pair like 44 or 66. Of...
5 natural reactions to failure in trading It could be very useful to understand your natural behavior when you are faced to failure in trading. All of us are facing losses, sometimes these losses can be huge when come a krach or a bad choices. The situation in itself will not determine the reaction of the trader. It is his personality, his history facing which...