Has LTC/BTC pair broken the ascending triangle, bullishly?
So yesterday was a somewhat non event. A day of full consolidation and swings from profit takers and those getting into the space. The volume was not concerning and it can only go up from here.
From what I observe before going to bed, were a few coins that resisted the broad sell off we saw later in the day. The sell off was not huge but enough to reposition and take action in certain areas.
We all like crypos because of the volatility so you get what you ask for.
I have switched to trading pairs verses trading for USDs. I have added BCHUSD and LCC into my crypto portfolio. LCC had a great day % wise allowing me to sell some and keep the profits running.
So now, brief summary before getting into the chart.
Portfolio holdings:
LTCUSD = 39%
BTCUSD = 23%
BCHUSD = 20%
LCC = 11%
others and cash = 7%
So I'm in for the next bull run.
Now for the LTCBTC chart. We are looking at a 3 hour chart for a longer term outlook.
So the price was approaching my called "load it up zone"(area with many yellow dash horizontal lines.)
You can also see the ascending triangle coming down from recent highs.
I jumped the gun and filled up before i went to bed.
This morning, after the last low, it appears to raise and break above the top of the triangle.
There is resistance at .01975-ish so there could be a small consolidation and a possible trade as well.
I draw in some wave scenarios and a large area that needs to consolidate. There is a green box and red symmetric triangle. I don't know it these structure will form but there will be some sort of consolidation to strengthen the trend. If consolidation does not happen and the price moves quickly beyond; we must prepare for a pullback and use stop orders in case of a structure break.
Targets are on the chart.
Thank you for reading.
Please leave comments or questions about anything. Trolls are welcomed. I like helping people and love learning even more.
From what I observe before going to bed, were a few coins that resisted the broad sell off we saw later in the day. The sell off was not huge but enough to reposition and take action in certain areas.
We all like crypos because of the volatility so you get what you ask for.
I have switched to trading pairs verses trading for USDs. I have added BCHUSD and LCC into my crypto portfolio. LCC had a great day % wise allowing me to sell some and keep the profits running.
So now, brief summary before getting into the chart.
Portfolio holdings:
LTCUSD = 39%
BTCUSD = 23%
BCHUSD = 20%
LCC = 11%
others and cash = 7%
So I'm in for the next bull run.
Now for the LTCBTC chart. We are looking at a 3 hour chart for a longer term outlook.
So the price was approaching my called "load it up zone"(area with many yellow dash horizontal lines.)
You can also see the ascending triangle coming down from recent highs.
I jumped the gun and filled up before i went to bed.
This morning, after the last low, it appears to raise and break above the top of the triangle.
There is resistance at .01975-ish so there could be a small consolidation and a possible trade as well.
I draw in some wave scenarios and a large area that needs to consolidate. There is a green box and red symmetric triangle. I don't know it these structure will form but there will be some sort of consolidation to strengthen the trend. If consolidation does not happen and the price moves quickly beyond; we must prepare for a pullback and use stop orders in case of a structure break.
Targets are on the chart.
Thank you for reading.
Please leave comments or questions about anything. Trolls are welcomed. I like helping people and love learning even more.
トレード終了: 利益確定目標に到達:
so .02083 was hit and rejected hard. Today is dropping hard as well. Since .02083 was not crossed, my bias is short,... actually USDs. Looking to accumulate starting at 165 and below.
Put your knife catching gloves on...
Good luck
Put your knife catching gloves on...
Good luck
トレード稼働中:
137 was hit.... TIME TO LOAD UP....... :)