I've been getting quite a few messages to re-update for LTC.
If you guys followed my posts from the past month of calling a retracement back to $154 and $136 from our high of $244, those who followed should be in great profits. Congrats. I'll post the links below just so you can click the satisfying play button :)
LTC has MAJOR resistance between $175-178, LTC should trade around these levels if BTC wants to reach it's $9300-9400 target.
Let's take a look at BTC (see my recent posts on BTC) It is leading all other coins to print an identical pattern.
BTC is in a rising wedge with 2 scenarios.
1: Break down the wedge from $9350ish and retrace to $8700
2: Break down at $9100 and retrace to $8400ish.
LTC has a similar print, if it breaks down from it's rising wedge we will have another buy opportunity ~156-160. (base retracement of the wedge)
It is currently facing it's 4 month old downtrend resistance.
I won't go in-depth in indicators as I have it setup in the original charts for those of you who went long.
Day trade setups
Feb. 20 post
March 2 post
Active BTC posts
Long
Short
If you guys followed my posts from the past month of calling a retracement back to $154 and $136 from our high of $244, those who followed should be in great profits. Congrats. I'll post the links below just so you can click the satisfying play button :)
LTC has MAJOR resistance between $175-178, LTC should trade around these levels if BTC wants to reach it's $9300-9400 target.
Let's take a look at BTC (see my recent posts on BTC) It is leading all other coins to print an identical pattern.
BTC is in a rising wedge with 2 scenarios.
1: Break down the wedge from $9350ish and retrace to $8700
2: Break down at $9100 and retrace to $8400ish.
LTC has a similar print, if it breaks down from it's rising wedge we will have another buy opportunity ~156-160. (base retracement of the wedge)
It is currently facing it's 4 month old downtrend resistance.
I won't go in-depth in indicators as I have it setup in the original charts for those of you who went long.
Day trade setups
Feb. 20 post
March 2 post
Active BTC posts
Long
Short
Note
Broke down just as expected. BTC should be trading around $8360-8450 whenever LTC reaches it's target zone for the down-side wedge breakout. Congrats to those who shorted :)
The market is way too sober right now so it may take a few hours to decipher it's next move.
Note
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.
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.