High R/R short here, scale in up to previous top and walk away. Stops somewhere above upper trend line. Either way we are printing big time bear divs and things are begining to look toppy. Let's see what happens.
These trades are HIGH RISK, which also translates into HIGH REWARD.
Enjoy the trade.
Trade: LONG LTCH19
Buy In: 0.01222
Time Frame: 4H
Stop Loss: Close 4H candle above 0.01179.
Liq. Price: 0.01083
Profit Potential: 281.4% ROE
Capital Allocation: <6%.
Looking through LTCH19 and I discover the rising channel is still very much in play, with price breakout from corrective falling wedge after forming potential wave 4. We may be up for last leg up at wave 5.
Please note use good stop loss as this trade is highly dependent on BTC movement. If Btc fall LTC will sure take a huge drop also.
Trade: SHORT LTCH19
Buy In: 0.01244 – 0.01210
Time Frame: 4H
Stop Loss: Close 4H candle above 0.01265
Liq. Price: 0.01265
Profit Potential: 99.46% ROE
Capital Allocation: <4%.
Our Litecoin (LTCH19) trade as promised.
Please keep in mind that BitMEX trades are HIGH RISK.
High risk and fast high...
You know the deal correct?
Take a look at the chart above, this is a clear trade set up that we have trade twice so far successfully.
You can see the direction and details marked on the chart. You can profit massively by doing a leveraged trade on BitMEX with this setup.
Enjoy it, this is for you.
As you could see in the chart the price of the candle is weak and it could not move further up after big rally shown by the background color of the longbuylongsell indicator.
Now it is time to enter for short trade . As the candle is weak it will show downside soon.
Litecoin passed a key level on the $LTCUSD chart earlier today at $48.31. This level acted as support numerous times on the weekly chart and came into play as resistance numerous times. After a number of tests, price broke above but has since slowed its increase.
Litecoin outperformed bitcoin on this move to bring it to...
A conservative trader shoould wait for a confirmation break of the neck line before shorting, i personally am already building a position. Do not trade on chart patterns alone as they are historically unreliable. However this set up seems juicy, lets see if it plays out or is this just a fake to trap bears? Good luck to all,
We've seen several times that Litecoin (LTCBTC / LTCH19) has been leading this latest cryptocurrency wave. If that is the case, then we can expect a small breakout on the major altcoins to the upside, including the King Bitcoin.
Let's take a look at why is that:
Litecoin's price bounced after hitting EMA50. It didn't hover around this price it simply bounced...
Litecoin (LTCH19) is moving to challenge its overhead resistance sitting at 0.00978.
If this resistance can be broken with strength, expect additional bullish action from Litecoin (LTCBTC).
Conditions for change: If Litecoin (LTCH19) to break and close above 0.00978, you can expect a retrace to ensue and EMA10 to be tested next as support at which point a new...
Litecoin (LTCH19) Hit overbought on the RSI and I am looking at a double top.
The signals are clear to me that a drop is coming.
Note: Trade at your own risk, this is not a trade. My trades for BitMEX have buy in, target, stop loss, capital allocation, time frame and additional details.
Hit LIKE if you would like to see a full trade.
Thanks a lot for the...
Yesterday LTC closed with a doji.
Today it will close with an inverted hammer, still 30 minutes to go.
To me it looks like a bullish signal. There I will long BTC.
See the mark for the target. From there I will move my SL to my first target.
Let me know if you agree with my TA.