LTC-BTC
LITECOIN/BITCOIN LONG TRADE SETUPPlease manage your risk. Use Stop loss. And do not take blind entries.
If you have question let me know. If you want to analyze any pair let me know.
This is just an idea. what we see.
Market can go in the opposite direction, what we analyze. so we have to manage our risk and adopt the situation accordingly.
Watchlist Update 26 | BTC, LTC, NEO | Double Bottom breakoutHi everyone, here’s another late overview of what I’m looking at on the charts. Person the exhaustion, I’m still getting used to these night shifts.
BTC-USD Coinbase | BTC continues to find equilibrium and is finding trouble breaking above 9700, but if the RSI cools off on most timeframes then we can see a climb to around 10100 where I expect a new equilibrium pattern to form, then it may push above that and find less resistance upward to 10450 (as per my fractal-Ichimoku system, whatever you may call it).
LTC-USD Coinbase | LTC is still correlating with BTC, it did not see a double top like BTC but rather a larger higher low and lower high, a healthy equilibrium setup for the bulls. For context I’ve added a photo of the 15minute, where you can see how it’s attempted to break above the ascending triangle. In the video I grappled with whether I’m neutral at this point. I’d say watch for a bull break of the triangle, then of the fractal at 193, and finally the uppermost fractal behind that at 194.55 or you can use the previous bear flag behind that which coincides with a flat kumo top. The latter will be the beginning of relatively strong resistance, so you may even want to consider choosing that as an area for moving your stop loss if price breaks above it.
NEO-USDT Bittrex | I noticed NEO was ahead of many of the other names in that it has broken a recent bull fractal, though it has been overbought for a while on many timeframes. A break above the neckline of the double bottom on the 4h would be a stronger bull signal in my opinion
That’s all for tonight. Be sure to check out my status update for other ways to follow me on social media or find the link to the Cryptide Discord. You guys have a great week ahead. Roti out.
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This is for educational purposes only and is not intended as financial advice.
LTC / BTC - Trade is on - What do you thinkHey everyone.. Check the links below for back history on this and my TA on LTC.
Right now, from the 4hr chart, it looks like my thoughts on a double bottom and falling wedge (both indicators of reversal) are potentially starting to come true. (WOOT!!)
We have a close above and current confirmation of move to the upside. I'll be monitoring over the next couple 4hrs to see were we are moving. Right now I'm looking to see continued upside movement and want to get to the $160 mark. 15 - to the 4hr all shows positive for gains. We have our MAs all repositioning to reflect upside action.
What do you think? Trade good?
Check out my profile for the NEO video and posting on "cup and handle" pattern. If that turns out right NEO is about to blast off..