LTC currently in an accumulation range. BBand's squeezing at support Will probably make a move upwards.
Someone put this in a Discord group that I'm in and I actually really like this
Possible repeating fractal
Criteria for the Cypher pattern The Cypher pattern starts with a market price that establishes the X and A points Point B retraces to 0.382 – 0.618 Fibonacci level of the leg XA Point C is formed when prices extend the XA leg by at least 1.272 or within 1.130 – 1.414 Fibonacci extension level Point D is formed when it retraces 0.786 Fibonacci level of...
I've been posting this resistance at 9K for a long time. That's also where the daily kijun is. about 4/5 of my short asks hit. Short from 8907. Already took profits on about 1/3 of my position. Wanted to leave most of it open. I'd like to go near that previous level of support. I have 2 stops actually. I'll be fully out of my position at the stop indicated on...
Daily showed a shooting star-like candle that exhibited an upper wick much larger than the body of the candle. The wick featured a touch of resistance and a fib level. Price is currently towards the top of the 4H and 1D bbands with 1H and lower TFs displaying a BBand Squeeze. I expect the move to be in the downward direction. Target: Previous daily resistance in...
Chart is annotated.
I believe that we're in a bearish consolidation pattern at a daily horizontal level. We also have not touched 7.4-7.5 to retest that area as support. I think a short here is justified. Opened a partial position here. Have more short asks above price just in case we trail up a little bit. My stop is in a low volume node. Ultimately, I'm looking for a test of 9K,...
Long on LTC. Adam and Even on longer time frames. Sitting at support Aggressive entry with a small bag Stop is tighter than I want, but it is what it is. Bitmex charts are funny because they re-listed alts under different instruments.
I have more faith in seeing bullish signs at this green support than the blue (daily) support at the moment. I'm also in two other trades and would rather watch those.
Current mood. will update. Seeing bullish divergence. Will try and go long at support
Currently short. Planning to take profits at target and then let the rest of the position ride out w/ a stop in profit
Do not enter a long position now. Wait for price to retrace
Adam and Eve pattern shown Shouldn't take long position until neckline is cleared. High-performing bullish pattern stop loss under neckline once entered Target matches w/ local top/resistance area and fibs
For re-distribution, Phase A will resemble the Phase A of Wyckoffian Accumulation. Phases B-E will resemble normal distribution