LTCUSD Short idea, H&S pattern. Daily trendline possible broke
Updated
BTCE:LTCUSD
I believe LTC have a bright future, but right now hype about SegWit is over.
Big players are quiting.
Breaking Daily trendline and $25 treshold will be complited H&S pattern, which means minimal $13 dump, I expect $12.7, may be deeper
I believe LTC have a bright future, but right now hype about SegWit is over.
Big players are quiting.
Breaking Daily trendline and $25 treshold will be complited H&S pattern, which means minimal $13 dump, I expect $12.7, may be deeper
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Bigger picture Comment
Weekly candle closed in red, and it's look like "Spinning top" looks dangerous for LTCTrade active
Sad for litecoin, we are braked the neckline of H&Sand pattern is accomplished, and now seems it should go deeprer, i excpect retest of neckline, and then broking of daily trendlineComment
Huge volume on breaking support, means, that now we have strong resistanse at that point
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I expect bounce somewhere near to 0.382 fib, then retest of neckline. But be careful, it's dangerous to go long on bear market, better open new short on peaks.Comment
Testing neckline right now. Comment
Good oportunities to add some shorts. You cat set stops above neclineTrade closed: stop reached
Stop was reached after breaking neckline. Looks like LTC have some more fuel.Disclaimer
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