Already few days of uptrend...what a breather.
All indicators at all times frames show and exhaustion I cannot see in the candles(daily, 4h, 1h). And no signs of divergences between all indicators.
Volume is steady for few days now and I do not see any pattern/candles formation.
LTCEUR tries to brake resistance at 119.53 while BTCUSD tries to brake the 8500 but needs more volume to do so.
Also I think that after few days some people want to cash out.
I ll wait until
There is more volume, in that case ill take profit at 129
or LTCEUR bounces from the 119 support
or LTCEUR retraces and bounces of the fibonacci retracement (which I hope I used correctly) at 116
or wait for a BTCUSD brake off the 8700
Any feedback is appreciated
All indicators at all times frames show and exhaustion I cannot see in the candles(daily, 4h, 1h). And no signs of divergences between all indicators.
Volume is steady for few days now and I do not see any pattern/candles formation.
LTCEUR tries to brake resistance at 119.53 while BTCUSD tries to brake the 8500 but needs more volume to do so.
Also I think that after few days some people want to cash out.
I ll wait until
There is more volume, in that case ill take profit at 129
or LTCEUR bounces from the 119 support
or LTCEUR retraces and bounces of the fibonacci retracement (which I hope I used correctly) at 116
or wait for a BTCUSD brake off the 8700
Any feedback is appreciated