Nearly two years of accumulation and a breakout presents a very favourable outlook.
The recent market structure has been tested and showed support. When viewed on a higher timeframe this $310 - $330 range can be viewed as monthly support going back to 2017.
The macro-environment in crypto is very bullish. Will take a long if $366 looks like it's going to hold....
LTC halvening study.
Previous halvening replicated as possible path forward.
Expect a halvening pump, LTC currently out performing BTC.
Will be 50% out if we reach 0.035
Will start to reduce exposure in July if targets aren't hit, depending on action at the time.
The dip to $6k and rapid rebound in price is meeting strong resistance above $11,000.
Futures markets have seen negative premium confirming profit taking and a bearish sentiment.
A few days of sideways consolidation with a potential Adam and Eve bottom is one potential future.
Will probably scale into a position between $8k-$9.1k.
The momentum appears to be changing bullish. 0.2btc is big resistance and hoping to open a trade on a pull back to the horizontal around 0.18 support with a stop at 0.17.
Target 1 is to sell 50% at 0.244btc
Target 2 is 40% at 0.33btc