LitecoinLong
Bottoms ends of ranges and heading into halvening next year LTC
Updated
Here's an LTC idea with the potential wind at our back with the Aug 2023 halvening event. I tried to post this the other day but something with rules of la casa so wont mention any other websites haha. The bulk of my market participation is using higher time frames and the bigger seasonal or business cycles since I have a full time career and other obligations so this slow and steady approach works for me.
From a TA standpoint we have multiple location criteria, I personally use Fib Retracements but dont discriminate with others to add confluence there. Beyond that I like using volume and macd, and want to see divergence between indicators and price action. A nice Weekly W beyond that is the feather in the cap and essentially what my personal trade plan is looking for to get me to pull the trigger and take my shots.
Conservative WD Gann 50% retracements for targets but once I start to double my investment I start my spoon feeding to take some profits just in case another FTX and ting ting like Sammy Boy show their true colors. In the end its all about risk management and those asymmetric risk windows for me.
Happy Thanksgiving Everyone, especially the moderators ;)
#pmaftw <3
From a TA standpoint we have multiple location criteria, I personally use Fib Retracements but dont discriminate with others to add confluence there. Beyond that I like using volume and macd, and want to see divergence between indicators and price action. A nice Weekly W beyond that is the feather in the cap and essentially what my personal trade plan is looking for to get me to pull the trigger and take my shots.
Conservative WD Gann 50% retracements for targets but once I start to double my investment I start my spoon feeding to take some profits just in case another FTX and ting ting like Sammy Boy show their true colors. In the end its all about risk management and those asymmetric risk windows for me.
Happy Thanksgiving Everyone, especially the moderators ;)
#pmaftw <3
Trade active
Just for fun saw a notification on this and figured would update. My trading approach is a slower pace Wyckoff Accumulation/Distribution style and can be seen thru this example. Took some profits thru previous rally and added back on pull backs into my previous levels. Will be distributing as the market allows. 
All the best. #PMAFTW
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Connect: linkedin.com/in/thejoshuamcg/
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