bearish div medium term short
Updated
TA - The chart speaks for itself, double top and multiple bearish divergences on 3 timeframes. Cant see any more momentum and bulls loosing strength...
FA - This is where its a bit risky, will therefore only put a small stake and make sure stops are put. If everything goes well with btc segwit there is no reason for ltc/btc to pump as most attention will go to btc, if things go south for btc however litecoin can pump and you want to make sure your stops are set. As always when the masses move one way be careful, too many people think litecoin will be safe haven in all this segwit drama. Could very well be true but always be suspicious. If btc pumps ltc/usd can still go with it while ltc/btc goes down (probably most altcoins will). An inverted relationship makes sense at the moment.
FA - This is where its a bit risky, will therefore only put a small stake and make sure stops are put. If everything goes well with btc segwit there is no reason for ltc/btc to pump as most attention will go to btc, if things go south for btc however litecoin can pump and you want to make sure your stops are set. As always when the masses move one way be careful, too many people think litecoin will be safe haven in all this segwit drama. Could very well be true but always be suspicious. If btc pumps ltc/usd can still go with it while ltc/btc goes down (probably most altcoins will). An inverted relationship makes sense at the moment.
Trade closed: target reached
target reached, happy trading!
Trader4life, with some berries on top
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