[LTC-USD] SWING TRADE-BUYING -LTC REBOUNDS QUICKLY!Entered in a position at $160.29 but got dumped on. Canceled my stop loss so I wouldn't loose $200. Holdled with a swing trade, which is what this trade was all about anyway. Just didn't think It would dump on me like it did, since I had already bought low after a medium sized correction. But that's LTC for you. It can be more volatile than BTC. But that's what I love about Crypto. The volatility is awesome and the rebounds are freakin AWESOME! (lol)
After a huge dump about -7% down, the market rebounded quickly putting me now at $155.39, ultimately waiting to go full swing ahead and make a profit with a risk reward ratio of about 4. It will take about 4 days to reach the 5th final elliott wave leg of my projected cycle. Using Fib retracement levels I was able to project and model similar past play patterns and behavior for the last two elliott wave cycles as described on this video.
For a moment, I thought there was gonna be a huge massive correction like the one we have been expecting, but thank goodness that didn't happen right now. But it did dump on me! Recovery is underway and I will update this trade if I get at min 20 likes.
Thanks,
CryptoBuzzAnalysis loves ya!
PS: This is not financial advise, this is for education purposes. You must perform your own TA and perform your own risk management above anything else. Protecting your capital is first, making profit is second! That's how I see it! If you loose all your money than you can't play, and ladies and gentlemen this party is just about to get started for this year. Good luck!
