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Drawing fibs from the bottom to these 3 tops shows the price clearly interacting with these support/resistance areas.But we're looking SPECIFICALLY at the 0.786 fib level. I'm going heavily long 40-41, stop loss at $38. Target around $49. Why LTC? The chart is much more simple, and LTC usually bounces well during catastrophic drops like we had today. I can easy ...
Hi, I just want to demonstrate that this my idea is entirely possible because it has happened before.
That said, we have the $33 support level looking at the monthly, so we may recover from there.
how is it going?
I am bringing you an update of Litecoin from a logaritmic view. I think we can see the whole picture much better. As the chart shows, I am looking to two scenarios for Ltc to have a reaction and complete the Big Corrective structure WXY.
This is the worst part of our job, the part that demands discipline, patience and attention. ...
What a ride!
Trend is definitely down if you have not noticed ha!
No confirmation on trend change yet.
RSI and Stoch RSI both in oversold conditions. This does not mean that the down trend is done though. Keep this in mind.
AO indicates bears are in control.
Renko trend clearly down. Brick size 0.74.
Need confirmation to enter. As I said before, need a couple of ...
Long Position (EP) : 48.000
Stop Loss (SL) : 41.926
Take Profit (TP) : 60.148
formed Turtle soup at D1 time frame. Trade setup with buy stop at previous low and place stop loss at new low.
Once the position was hit, place take profit above 2X of (EP-SL)
Money in portfolio : $700
Risk Management (1%) : $7 ...
Litecoin are Showing More Bearish may be Create Double Bottom if Create Double Bottom and 35$ Support on the Levels.
then we have Long opportunity upto 40% .
iF Break This Support Level then we Have Soon Bearish Trend Continousaly.
Let see , What Will Happen .
Dont Forgot to Hit Like My idea.
Thank You !!
THE INDICATOR MARKET READER GIVES THESE LEVELS ARE POTENTIAL FINAL BOTTOM
let me know what you guys think
I believe LTC will go up from here. 42 ia my target amount to buy. It was from my pattern computation months ago and if you look at daily, weekly and monthly is so oversold
Based on the market capitalization which has dropped below $200 Billion for the first time in November, we can see again the market having an aggressive movement with Litecoin being one of the coins which are leading the drop.
What can we see now from the technical perspective is the price which has reached the lower standard deviation of the Bollinger Bands ...
get ready to buy it
It's been a while, but I'd like to take a look at LTCUSD.
We're currently looking at a critical support, one that was previously established in September/October of last year. I have two expectations here:
1) We find a bounce near $45.50, followed by a potential run up (indicated by the yellow arrows).
2) We find a bounce near $33.50, followed by ...
Get ready for a small breakthrough. Much depends on the strength of the impulse, everything of course can end on the first goal, but if possible I will show changes
If you want more info go in our platform:
As many alts, the Litecoin is trading on a 5H Triangle (Williams = -50.825, Highs/Lows = 0.0000) but within a 1D Falling Wedge (RSI = 42.258, MACD = -1.002, Highs/Lows = -0.9614, B/BP = -3.5500). This indicates that the bottom of this bear cycle hasn't been priced yet and is most likely within 40.285 and 33.195 (Sept 15, 2017 contact point). Only a break above the ...
LTCUSD is approaching our first support at 48.54 (horizontal swing low support, 100%, 61.8%, Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 51.36 (horizontal swing high resistance).
Stochastic (21,5,3) is approaching our support and seeing a bullish divergence where we might see a corresponding ...
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot ...
As you can see we are still on a bearish trend.
No clear reversal indication.
I would wait until price rises above 51.40 to consider entering a trade.
Again, confirm renko trend up with at least 2 bricks. Brick size .74
Look at Awesome Indicator too. You should look for it crossing the 0 line on the way up. You may buy before it crosses but trend must be towards ...
Setup i'm looking at. Hoping for another wick down and reversal up.