I recognized the triangle pattern on LTCUSD suggesting that LTC could break the support. However, my pattern was invalidated and I see that as a clear sign for long trade entry. When we compare it to BTCUSD, we can see the correlation.
Note
This trade played out great for us. I closed the trade @190.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.