LITE
Litecoin / Bitcoin Long LTCUSDNice W off of the 61.8, broke the recent lower high of the W.
Respecting major trendlines, 61.8, and overly bullish volume.
Enter on the retracement of the current leg it is making to finish off the W.
Happy Trading :)
LITE- looks a perfect short from 21.5LIT is forming a head & shoulder. On its break we can see a target of 17.
We are considering to take Aug16- 22.5 put ($0.9)
You can check our detailed analysis on - in the trading room/ Executive summery link here-
www.youtube.com
Time Span: 4:40”
Trade Status: waiting for the entry price to meet
BTC USD Long in the short termBTC USD rebounding strongly off of a 275 low earlier in the week. Main target for this leg of trading will be in the 390 area. This point harbors the crossroads between 1.618 fib, medium term down trend and short term up trend lines. The degree of retracement off of this high will be an important signal to the outlook for BTC USD in the medium term. Targets off 300 and below still remain a possibility. As price stands now this movement could be the beginning of the new bull run or the final leg of decline for the long term down trend.
