Hi Guys, hope you are doing great!
This would be an amazing week, let´s go for it.
As you can see here on the (2W) chart, LTC has been in accumulation for 1.000 days.
The last 2 times it happened, it finished on a break out, but the first one was amazing compared to the one on 2020.
I have some reasons to believe this one could be more like the first break out than the second, this is similar to what happend with $XRP.
Also on the 1D chart, you can see a Wyckoff structure that wants to break, if it´s a breakout to the long side, I will buy the 75% I left to buy more.
Have a good week and let´s continue watching it.
This would be an amazing week, let´s go for it.
As you can see here on the (2W) chart, LTC has been in accumulation for 1.000 days.
The last 2 times it happened, it finished on a break out, but the first one was amazing compared to the one on 2020.
I have some reasons to believe this one could be more like the first break out than the second, this is similar to what happend with $XRP.
Also on the 1D chart, you can see a Wyckoff structure that wants to break, if it´s a breakout to the long side, I will buy the 75% I left to buy more.
Have a good week and let´s continue watching it.
Note
Are you seeing the aesthetics of the movement? 75 Days approx....Let's wait to confirm the breakout on the RSI, and there goes my 2nd BUY.
ibb.co/5hkJKjmV
Note
Good morning!Before anything, I have to say this is a HIGH RISK TRADE.
After saying that, I´ve make the 2nd BUY on
LTC yesterday at 116. Why? Because it has demand lower, and it close above the old resistance that now is testing as support.
Now the 3rd BUY will be consider just with the confirmation on price and RSI, but I did this 2nd BUY also because I think the drop on BTC has a 60% chance to be the spring, and final shakeout before going to higher highs, It will take time but if that happend LTC will get better results.
If the 40% happend, that is a drop from here, we are done, and have to go out with a close under the daily support.
i.postimg.cc/Yq6RXP6X/image.png
Note
The final leg switched to a big DIP. Did´t see that coming, it could be a cycle weekly low in Bitcoin, but to confirm that we should go up quickly next week.Anyways
LTC resisted strong, and we get a long wick. It´s still bullish, and we are still in the range.Wait and see for Bullish or Bearish confimation. TRADE STILL GOING
Related publications
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.
Related publications
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.