Long

Updated

Possible pass for LTC in next few weeks

If SW of LTC is active, we might have a push up towards RMB 100, but at this price we will have a GREAT resistance, and we need to be very careful about the retracement coming next, if it's going too deep and fail to pass RMB 100 again, this mega wave will be OVER.
Good luck!

Note

Watch the MA7 and MA30, also the up trend support line.

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We are in mega wave 2 right now

Trade active

We are in mega wave 3 right now!!!
Sell your BTC and grab your LTC!!!

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Through the obstacles, the bright future is coming!

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Good morning, coffee or tea?

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As you can see,the uptrend support line is broken, and the technical index of LTC/D is not very healthy, and I need to correct my point: we just finish the mega wave 1, and right now we are in mega wave 2.
The market has push up for 3 weeks by the positive stimulus of SW and refuse to make some healthy retracement, and when there comes some dad news, the market will turn to fear from greed.
So let the market find its support, and it's time to take a rest. For the time range of wave 2 I believe it will take 2 weeks at least, just match the SW.

Note

Around 27~28 Apr, we will see LTC reach about $18.3, but this is just an calculate value, be careful with your trading.

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According to the hash rate signaling SegWit support :95%, if it keeps like this, we will active SW at 6/7am 27 Apr Beijing time.
Around that time there will comes the top of mega wave 3, I suggest to be very careful about what's come next, for real.

Note

Yesterday once more

Trade closed manually

I'm tired, I have closed all my long position, good luck to your guys, see you next month.

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We could turn to wave 4 in anytime, be careful.

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It's time to switch your money from LTCCNY to BTCCNY.

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The free fall might get speed up, watch out, don't rebuy the LTC too early, let the path getting clear.

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For now I'm thinking whether we are in wave ABC or we are in wave 4 and 5?

Trade closed: target reached

Well, target reached, but I didn't hold LTC during all the time, I want to do some band trade when we closing to RMB100, unfortunately I miss the step, so I missed the second half of this mega wave, but I think it's a good lesson.
Thanks for view and like, I will update more idea when I find some good chance.

bamboodian

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