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Everything on the chart.
open pos: market
target: 191 - 197 - 210
after first target reached move ur stop to breakeven
stop: ~163 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 3
Good luck everyone!
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SNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON...
Litecoin has shown a mote of its bullness after a double bottom reversal to the close previous highs and since the breakout from the descending channel, ltc has been consistently moving up. A breakout above $158 will validate an uptrend to $216 then a breakout above the key resistance level ($216) will also ratify a huge uptrend inside the previous rising channel...
As you see, after further completion of the correction, it shows that we've faced a expanded flat which sub-wave B was a huge expanded triangle.
Sub-wave C is being completed.
Then wave C of Y which is a impulsive wave will be started.
Do Not Lag Behind!
LTC is going to break EMA20 at $247 and will fall to MA at $224, if this also breaks then price may drop to critical support to $168.
conversely if the direction reverse and breaks $270 upward then we may expect $286 price for litecoin.
This can be taken as a long term trade!
According to technical analysis, LTCUSDT chart is making W Pattern in the weekly timeframe chart. It will complete its W in 6 months to 1 year time.
W Pattern is formed when the price dips down the first time and the bulls try to buy the dip which makes the price rise to a certain point but eventually, the price...
Despite the sharp drop in LTC prices provoked by BT C, the price range is important $126-131 withstood the blow.
The price of LTC remained in the white growth channel. The sellers tried to break through this range at high volumes. After the formation of a false breakdown , buyers seized the initiative.
If the local fall wave is complete, the price...
As highlighted we have had a macro negative trendline break which started an uptrend and now a double bottom setup finalising
The height of both of these gives us a final target at $270
However it will pullback on the way, the dashed lines being my other take profits and the small dotted lines being areas of resistance - evident as we bounced off $161
Here we go guys, setup we posted on 28th December has activated. I was in from the breakout of the green trendline slightly lower, and bought few more around 149 as the retest didn't quite pick up my bids which were closer to 146
This setup looks great to go to crazy targets of $270 as I will outline in my next post
However, in the short term all 1HR, 4HR and 1D...