using wave analysis and market structure we have a big chance to break the last top 0.2233$
i think we are in a big daily sideways move for ltc (and 99% of other crytpo) first move i will be targeting is the move down to complete the C wave of the running flat targeeting 77$ area , then i will be looking for buy setups to get the implusion up that will break the last high at 115$ area ; then i thin it will be tricky , the move up can continue but...
in case you are in fomo with that impulsion , you might get stuck at 12$ 13$ for long time as it is right now i can tell it's looks pretty clean for going down , but no short position yet , not long positions too untill confirmations if you buy ,, just keep in mind the scenario of reversal exist ( high probabiity too ...) this is not a financial advice , do...
does it look good enough to go down side ? - Yes , looks perfect should i sell now ? - not yet wait for confirmation , if you go agressive you should get ready to loose some Should i buy ? we broke the resistance !? - no , nooo no and no buying here is risky , wait for a flag to confirm more up move , if not stay away untill confirmation ps: just a...
since we are on a correction phase (for downside ) all buys will be risky , if any long position is openned it should be managed on small time frames , target would be 0.4145 $ everything above will be bonus (dangerous , red lights on ! ) at 0.4145 $ area short positions will get more intresting , because the drop can go all the way down to break the low at the...
the structure got developped since last analysys ,and got more complicated be carfull with all long positions at this area ; i see probably a significant drop after we break again the 17420$ - 17500$ , (or immediatly ) PS: do not copy , this is not a financial advice
very careful guys if you are convinced to go long make sure you put your stop loss I see more down side than upside if we break 16300 and we make a clear correction between 16200 and 16400 we will be thinking of buying ( short temre + risky) PS : not a financial advise ; trade responsibly
i believe we are in a corrective phase, just like all the cryptos , once we break 0.3604 $ 0.36 I will be looking for a push upside the first target will be 0.3977$ 0.4$ and if we are lucky we can get to 127 fib extension at 0.4186$ managing all trades is very important and protecting the position is recommended, because the structure can change at any time...
i think we are still on a big correction phase , range that will take more time ( 2days +/-) then will probably go down testing 15800$ before we reverse at 18200$ this will be the end of a bigger flat to move downside at least once more ( visiting 15500$ or less ) there is a small possibility to break 18200 very fast we are not intrested in that move because...
all i see is a correction for more downside , probably we will be testing the low again before any reversal (or bigger correction )
price is ranging for long time , looks like a clear correction to me ( for downside) probably one more drop to break the low and then we see how market will react do not copy ;)
once we get to 22.5k (95%) I think we should be very very careful , because we might revisit the 17k area (95%) after that, we will see what will happen this is not a financial advice
it will probably be the move completing the daily correction wich is the last impulse down of a running flat before we reverse i will probably be looking to buy again around 16$+/- if my strategy allows me to .. but it will be a good investment if that happens trade responsibly this is not a financial advice
I think that bitcoin has to go down and hit 60800 60500 area, before maybe 1 last long position to break the top once the price moves down I will just move the stop loss to break even, maybe we will get lucky for the biggest move down otherwise, if we reverse, once we break the top we should be careful my stop lose can also change if u think it's too tight you...
i still see that the price is going down to complete the biggest structure 4h /1h , price should break the low as predicted before on smaller time frames , we may see price going up during the next hours wich is very normal it's just a smaller correction before continuation once we break the low , the C wave can be over at anytime , we just wait for a...
WXYWZ wave is over , and now we start a bih correction that can take days and days , that's not a financial advice , just a quick scalp i'm taking to start the week
Bnb is in a correction wave , these propositions can change if the market structure changes during time 1st position long to complete the small blue structure 2nd position short to complete the black structure (running flat ) 3rd position will be the one i'm looking after / targeting 1.61 fibonacci extension of the big wave