Looking at this pair we have an impulse wave 2 up from the descending impulse and also we are inside a downtrend diagonal which signals a trend reversal from bearish to bullish. This is not a short term trade, so you will have to be patient and stick to the sl marked, once price move 50pips into our direction you can move SL to entry or above.
Today's Analysis Bias: Long; We have previously broke market structure and retested.
Reason: Market has recently formed a double bottom and according to the theory of trading, 'Double bottom' is a reversal pattern to the bullish side.
We have our break and retest.
Have a Profitable Week.
Litecoin broke the 300.0 round number. WHAT NEXT?
LTC rejected our upper brown trendline so as it approaches the 300.0 again, which is now turned into potential support, we will be looking for buy setups.
As per my trading style:
I will be waiting for it to approach the highlighted purple circle (area) to look for possible buy setups (like a double bottom,...
Analysis: Right now patience is the key on the market, there is no need for huge spikes to the upside. A constantly growing trend will do the job if a lot of people are interested of buying. A lot of analyst posting about 50/50 chances about the price to go up or down, it's always the case, but we need to be 1 step ahead before the price action. If you wait until...
What a nice weekend, bulls break out with good volume and stay strong!
If you're new to the game, check out my previous analysis..BTC Swingtade bulls defend 50k, see link below.
If you're not in a position yet, check out the 60k -60500 range.
My SL is below the breakout level. Btc should no longer be included!
If you're holding alts, be careful, if...
I bought some chocolate and am now exposing my face to the proper way to trade this scenario.
I'm willing to do whatever it takes to make this idea stick.
Have I hit my head multiple times in my life? Yes. Still waiting on the excuse.
In the last couple of weeks, we have posted several BTC, crypto and alt coin posts. This has been followed up with updates and comments. Going back over them, we thought it best to correlate the info under one post.
So related ideas from the short call.
Here's why we saw the short move.
Daily Elliott 5th wave being completed - linning up nicely at the time...
Like you're seeing we have made a big lower wedge which means in my opinion a next leg through 0.029$
Do you agree ?
Yes ? Fee free then to follow me and Like the Button
No ? Feel free to discuss what your opinion might be different from me.
I am not going confuse you but 0.0066$ is coming and it can come very fast.
Fasten your seatbelt cause the summer of altcoin is coming and fomo will be epic.
Share and like my page so you make me motivating to make more analyse.