LTCUSD wedge - Heikin Ashi
4h chart wedge pattern needs to hold support on the $30.50 level.
A breakout to the upside would be likely within the next 20 hours as most wedges are broken at or near 80% of the endpoint.
Currently volume and price action is moving against this prediction; if we break below $30 I will be completely reevaluating my trades on cryptos.
Best of luck to everyone; please add any constructive criticism this is my first publish. Much appreciated.
A breakout to the upside would be likely within the next 20 hours as most wedges are broken at or near 80% of the endpoint.
Currently volume and price action is moving against this prediction; if we break below $30 I will be completely reevaluating my trades on cryptos.
Best of luck to everyone; please add any constructive criticism this is my first publish. Much appreciated.
Trade active
I have been long since Friday CDA $32.40Trade active
Wedge holding. Increased Position size 0.5% (CDA $31.99)
Note
Looks like price slipped the wedge a bit; Holding above $30Trade active
Nearing wedge action zone// filled limit orders ; new DCA $31.56.Trade active
CDA $31.51. Looks like volume and moonski potato ?rocket indicator inserted last night gave the right amount of jujuNote
5m Bars Update 01:12hrs 1/31 Resistance from top of wedge and high RSI, two scenarios roughly drawn--
Green primary. Orange secondary. Still Holding.
Wedges in wedges like an RXY motor! High rev movements are due...
Trade active
Reduced Position size from 7% portfolio @ CDA $31.45 to 3.5%. Still curious to see what will happen with this double wedge formation and been risk high on cryptos anyway. Profit taking will pay for a night of gokarting ;)
good luck gents/ladies!
Note
You guys probably saw this a long time ago. Confirmation bias at work ;) 4h chart again.
Trade active
Reduced exposure at $33.50. Now @ 1% portfolio.
Here you go on 15m bars
Will jump back in above wedge with volume.. Otherwise I think this will go lower int the short/mid term as stocks continued to re-2006.
Trade active
Closed position @ 33.70. No volume.Trade closed manually
mistake in previos post. still learning. apologiesTrade active
reopened at $32.50.. for 1% portfolio since it put the respek on that wedge..
Note
sleep pattern based analysis is telling me the moment I go to bed this will break the respek wedge of old. position carefully and take profits into strength.Trade closed manually
Wedge is scary accurate. Sold off 90% @ 33.25 from DCA $32.50. roughly $67 profit.
Will rebuy if wedge breaks up with volume.
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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.