Datetime : 23 Feb, 22:00 Berlin Time
Since LTC seems to follow big daddy XBTEUR, I went bullish on LTC since I was bullish on XBTEUR. See my thought process on XBTEUR on 24 Feb in the related ideas section to find out why I was bullish on XBT. Also, note that that LTC clearly shows massive upward momentum following the downtrend with significant high on the MACD....
Datetime : 23 Feb, 20:47 Berlin Time
What is the current state of price movement in the trading time frame (4H) ?
It looks like we are just concluding the second leg of the downtrend (including pullback) and just starting the third leg. Pullbacks are lasting for 3 bars approximately. The current pullback is also testing two important levels simultaneously -...
Datetime : 22 Feb, 2018, 21:33 Berlin Time
What is the current state of price movement in the trading time frame (4H)?
LTC tried to break out of the descending trend line in the form of the second leg of an uptrend but it failed. The failure is happening in the form of a downtrend, which has reasonable momentum. The price is currently near 160. It is unclear...
Datetime : 21 Feb, 2018, 19:09 Berlin Time
What is the current state of price movement in the trading time frame (4H)?
The three legged uptrend was stopped by a sudden and vicious downward momentum at the important level 9426.5. MACD has a significant new low, indicating that the uptrend has stopped. But the previous low of the uptrend is yet to be taken out...
