LTC looks weak off the VWAP off swings highs, short is probable
Updated
Looking for downside intraday with leverage with a LTC short. LTC could not hold the upside push as the VWAP from highs has kept a lid on it.... a break under the horizontal vwap should trigger a flush down to roughly the 90.10 area.
Trade active
annnnnnnd we're off.... barely missed the second entry by a penny or two off this first break.Trade active
full trade should yield +3R, first target 90.95Trade active
Shorted moar way down here low, 91.846... looks like we are starting to flush...Trade active
would really like to see ETH and/or BTC break their latest swing high(s) and LTC not break its; for some validating divergence.Trade active
There we go, ETH and BTC both squeezed and BTC blew out the top of the swing high... and have actually setup short on both.Trade active
sold the final allocation on the highs of that push... now we need lower from here almost immediately or it's bail time.Note
final sells on the chart.Trade active
If we aren't under 92.17 in the next 20 minutes I'm going to be looking to cover. This low volume nothing is really really bad for a short side position.Trade active
not looking good for the home team kids... this has taken way too long to develop in this low volume garbage trade time. The two hour is starting to turn up so I'm looking for flat or better on any downside we get.Trade active
ETH is pushing out over vwap from highs... that is NOT good. May have to take a full stopTrade active
This ticks highs and I'm taking a stop. Not good at all.Trade closed: stop reached
OUT... suuuuux... -1.3R which kills the day to slight net negative at -0.4R bummer, but really good to see this time frame is terrible. Have to stay away from it. This setup was an almost 90% winner... and lost. bleh...Note
That tick out (where I blew out) looking really good as the puke short... as I was the puker on that one! lmao Looks to be setting up here for the break down again... but I'm letting it go. My win % for LTC is bad; I'm going to observe it for a while.
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