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Long

LTC Speculative Resistance Test

By speracado
Updated
15M is thru the Ichimoku cloud and riding the 100MA line, 50MA is coming up nicely through the cloud. Expect heavy resistance to be the 50% fibline above this position, the Gann 8x1 line above that and then the orange line as the old high point neckline.
Trade active
Note
snapshot Just a look at the 4HR.
Note
Low volume, slow bleed.
Trade closed: target reached
46.50 sold.
Trade active
snapshot Unintentionally long from 44.70-45. Who panic sells at 6AM?
Trade closed manually
Sold 47.10 down into market for a decent profit. Will catch the next wave bottom.
Trade active
snapshot
Bought to break 43.10 for GDAX, other exchanges having much less resistance. 4HR looks good.
Note
Wasn't 47.10 I'm sorry, miss-keyed 46.10*
Note
Orange line was target (this is no longer an active position)
FibonacciGannTrend Lines
speracado
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