MohitSorout

MohitSorout

Everyone in despair

MohitSorout

The Aroon indicator is used to identify trend changes in the price of an asset. It has two lines - Aroon up line (Bull) and Aroon down line (Bear). Just a quick look at the BTCUSD monthly chart along with the Aroon indicator suggests this: 1. Aroon bear (red) has topped out & is ready to slide down 2. Aroon bull (blue) is ready to move sideways at the bottom for...

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Litecoin will have halvening in august this year and Charlie Lee has promised to introduce privacy features on the LTC blockchain by the end of 2019. Both events are bullish for Litecoin's price and market will slowly start to realize this hence increasing buying pressure, leading up to the respective dates.

MohitSorout

Interested to see this unfold. Good probability that price reaches demand zone before starting another rally.

MohitSorout Updated 

Catching a potential early entry here if it does play out the way I think. Tight stop at invalidation

MohitSorout Updated 

Taking this trade against the local up-trend. Might be a bad idea, but the riskt to reward is worth it. Proper risk management <> tight Stop Loss

MohitSorout Updated 

1. If it breaks up with Volume, I'll buy the retest of resistance turned support 2. If it doesn't break up soon enough, we're touching the lower trendline

MohitSorout Updated 

Enter a short position if the descending triangle breaks down. Aligns perfectly with the previous descending triangle target. But wait for confirmation of breakdown WITH VOLUME before taking a position

MohitSorout Updated 

Dear reader, Market trends and cycles are a direct function of human psychology and the varied emotions during each phase. Bitcoin has been following the classical market cycle since its inception and there is no reason it won't follow it in the future. Charles Dow was the first to make thorough effort to express the general trend of markets. Enjoy the analysis!