Simple Idea based on traingles -- if you remember my last idea, (and everyone elses) the triangle never did complete and btc broke out too soon. This should play out like this -- the dotted blue line below the blue box is support and stop loss. The Blue box is all buy.
LTC -1.91% : LZAzuZN3JXnRYxjVUT6xaEE316LfbRRV2h
BTC : 1AxjpnwAv9w1y3Fp8wKT7W6oMg69VAJsji
We seemed to have bottomed out now. As we approach this lower trend, if it breaks down, you must sell and short. If it doesnt break down, you must buy and hold long. Looks like though it should go up since all other alts are up and there are some good advancements coming for BTS soon.
Blue area is all buy. The lower red dotted line, if broken on the 240m you...
You go long.
Blue box bids - Red Line Stop Loss.
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LTC Tps: LZAzuZN3JXnRYxjVUT6xaEE316LfbRRV2h ...
I mentioned a few times in the last few days that if we retest 2250 we are going back up. There is a strong rejection of any downtrend below 2300 on the daily. While bitcoin may dump and move sideways, I think it is now going to crawl back up.
The daily chart seems to support this too. Even with all the massacres, we are still in our channel. This is a long term...