LTC/BTC waiting for possible breakout. Wait to buy lower near the box, if breakout doesn´t occur, i´m confident that there will be another chance to sell higher.
The phoenix indicator clearly shows a top, the price can still range in the upper range for more than one or two days before falling down to the box. If it doesn´t fall in the box and volume is high, i would consider buying higher to not miss the breakout, but only if there are clear indications. For now i think we will fall back a little, which is either way a good chance to buy.
Please discuss - open to critique.
The phoenix indicator clearly shows a top, the price can still range in the upper range for more than one or two days before falling down to the box. If it doesn´t fall in the box and volume is high, i would consider buying higher to not miss the breakout, but only if there are clear indications. For now i think we will fall back a little, which is either way a good chance to buy.
Please discuss - open to critique.
Note
no clear signs of going down yet. As you can see i´m hyped about the development of this chart.
Note
4h chart, thats what i´m looking for.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.