LTC - Breaks out from Falling Wedge! Altseason about to start!Altseason is when Bitcoin Dominance goes down! Once it heads down, watch out for Litecoin to make its move when big players move their bitcoin into altcoins like LTC!
Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!!
People are so focused on the hourly/daily timeframe that they get emotional on every dip! Take a step back to the weekly/monthly timeframe and see why I'm so bullish now. Stop looking at the short term dips/rise. Short term is irrelevant for the move that is coming!
You can't be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know are on the charts. News are manipulated by the elites, and they take advantage of our emotions. Stop listening the news and pay more attention to the charts. Don't follow the majority, because the majority will lose in the end! Also, don't buy the hype when everyone is buying.. instead buy the fear when everyone else is selling
Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market, and are buying opportunities! Huge gains opportunity in the coming months! Never trade blindly. Use multiple indicators to make calculated decisions. Trade with no emotions!
Facts:
1. LTC/BTC is creating a Falling Wedge, which is a pattern indicates a continuation or a reversal depending on the current trend. It just broke out!!
2. Historic low reached and bounced off again! (Dotted lines)
3. Stochastic RSI - Last time price touched historical lows in 2017, LTC broke out from falling wedge and 5x from its BTC price! We just broke out from falling wedge! Are we crossing bullish this month?
4. RSI - RSI on the Monthly is under 38 which is HIGHLY oversold!
Sell Targets (Green Box!):
1. Target 1: 0.012814 (Corresponds to the 0.618 Fib)
2. Target 2: 0.015514 (Corresponds to the 0.786 Fib)
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
"The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become."
"If you want to live like the 5% of the population who are hugely successful, then don't act like the 95%!"
