Ltcbitcoin
Litecoin/Bitcoin (25 May) #LTC $LTC #BTC $BTC#WAIT
LTC seems to be responding positively to the Block Reward Halving incoming news in August. Currently, LTC has escaped the sideways pattern in downtrend and target is 0.0159 BTC in near future
However, I believe that LTC will move quite zig-zag so protect your profits
Current price : 0.0129
Buyzone : Buy as close to 0.01235 as possible
Sellzone : 0.0139-0.0159
Stoploss if price is lower than 0.0118 and consider buying back around 0.0109
A trading opportunity to buy in LTCBTCMidterm forecast:
0.01315 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 0.01890 on 04/03/2019, so more losses to support(s) 0.01430 and minimum to Major Support (0.01315) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 40.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01430 to 0.01315). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01430)
Ending of entry zone (0.01315)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.01500
TP2= @ 0.01620
TP3= @ 0.01730
TP4= @ 0.01890
TP5= @ 0.02015
TP6= @0.02380
TP7= Free
LTC nice run, time to short.Short term reversal incoming.
PA is lining up well with the indicators too (simple bearish divergence on 1D chart)
decreasing volume on this move up.
1 more bump up, into previous support now turned support.
I'm closing off my trade at T1, I barely trade but when I do, I go safe.
T1 - 0.128 or there abouts.
T2 - 0.115 or there abouts.
will be following this up with a trailing stop.
Ideal entry be around 0.154 - 0.16
My stop aat 0.168
R/R 3.37 at T1
PS, resize the indictaors to better see the graph.
A new trading opportunity to buy in LTCBTCTechnical analysis:
. Litecoin/Bitcoin is in a range bound and the resumption of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
Trading suggestion:
. If you missed our first HUNT, you have a second chance to buy above the new suggested support zone.
. There is still a possibility of temporary retracement to suggested support zone (0.01000000 to 0.00845000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01000000)
Ending of entry zone (0.00845000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
New Take Profits:
TP1= @ 0.01135000
TP2= @ 0.01315000
TP3= @ 0.01430000
TP4= @ 0.01530000
TP5= @ 0.01730000
TP6= @ 0.02015000
TP7= @ 0.02380000
TP8= Free
We opened 10 BUY trade(s) @ 0.00829193 based on '2-Day Hammer' entry method at 12.28.2018.
Total Profit: 3360242
Closed trade(s): 2428404 Profit
Open trade(s): 931838 Profit
Closed Profit:
TP1 @ 0.00945400 touched at 01.06.2019 with 116207 Profit.
TP2 @ 0.00999300 touched at 01.06.2019 with 170107 Profit.
TP3 @ 0.01063810 touched at 02.08.2019 with 234617 Profit.
TP4 @ 0.01240100 touched at 02.09.2019 with 410907 Profit.
116207 + 170107 + 234617 + 410907 = 931838
Open Profit:
Profit for one trade is 0.01233927 (current price) - 0.00829193 (open price) = 404734
6 trade(s) still open, therefore total profit for open trade(s) is 404734 x 6 = 2428404
All SLs moved to Break-even point.
Previous Take Profit:
TP5= @ 0.01334200
TP6= @ 0.01533800
TP7= @ 0.01733900
TP8= @ 0.02019900
TP9= @ 0.02383000
TP10= Free
There is a possibility for the beginning of an uptrend in LTCBTCTechnical analysis:
. Litcoin/Bitcoin is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55 .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00803070 to 0.00732360). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00803070)
Ending of entry zone (0.00732360)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00945400
TP2= @ 0.00999300
TP3= @ 0.01063810
TP4= @ 0.01240100
TP5= @ 0.01334200
TP6= @ 0.01533800
TP7= @ 0.01733900
TP8= @ 0.02019900
TP9= @ 0.02383000
TP10= Free
There is a possibility for the beginning of an uptrend in LTCBTC Technical analysis:
. Litecoin/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00814000 to 0.00736000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00814000)
Ending of entry zone (0.00736000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00945400
TP2= @ 0.01063810
TP3= @ 0.01141060
TP4= @ 0.01240100
TP5= @ 0.01333480
TP6= @ 0.01571755
TP7= @ 0.01762490
TP8= @ 0.02035380
TP9= @ 0.02381480
TP10= Free
There is a possibility for the beginning of an uptrend in LTCBTC Technical analysis:
. Litecoin/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00814000 to 0.00736000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00814000)
Ending of entry zone (0.00736000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00945400
TP2= @ 0.01063810
TP3= @ 0.01141060
TP4= @ 0.01240100
TP5= @ 0.01333480
TP6= @ 0.01571755
TP7= @ 0.01762490
TP8= @ 0.02035380
TP9= @ 0.02381480
TP10= Free
A trading opportunity to buy in LTCBTCTechnical analysis:
. LITECOIN/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
. While the price downtrend in the Daily chart and the RSI is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01212 to 0.01157). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01212)
Ending of entry zone (0.01157)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.01350
TP2= @ 0.01483
TP3= @ 0.01570
TP4= @ 0.01816
TP5= @ 0.01997
TP6= @ 0.02223
TP7= @ 0.02511
TP8= Free
A trading opportunity to buy in LTCBTCTechnical analysis:
. LITECOIN/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
. While the price downtrend in the Daily chart and the RSI is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01212 to 0.01157). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01212)
Ending of entry zone (0.01157)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.01350
TP2= @ 0.01483
TP3= @ 0.01570
TP4= @ 0.01816
TP5= @ 0.01997
TP6= @ 0.02223
TP7= @ 0.02511
TP8= Free