Bought first position ....Yes... without confirmation and only technical analysis.
These are the simple lines but behind you find the use of fib, phi and sacred geometry...in short TA now how.
I will buy more on strength and even more on confirmation.
Trade what you see..or seek proper training in how to earn on your trading.
WallStScalper.com
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Now we need to see consolidation and a bull flag being created on a 15 min chart to have further upside. That would set up a possible IHS with a target around 129+ But...time will tell....
Safe trading. ;)
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The IHS did not set up. If the lastest leg down find support ...a bearish bat could set up. Stille with a target around 129. But only speculation right now (On the hunt for possible setups.)
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Three drive to a bottom - I have bought position into the move here
I'm not. As long as BTC's in trouble, LTC's in trouble. Or do you expect a decoupling?
CoinedByCrypto
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@TimDeleeuw, An old saying in trading goes ..."when blood in the streets .... it's time to buy". No I do not expect a decoupling at all. Especially not after CME have made the Bitcoin available buying on a futures contract. They have taking control over the market in all he well known coins with that move.
They all move in tandem now.
But, a weekly chart tells the story of possible bottoming and confirmation of that within next 2 weeks. Indicators are about to be reset and a major wave 1 of the interim 3rd wave could be starting.
DaSmooth
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@wallstscalper, a very good saying that I understand very well. Just waiting for a better entry. Thx for your insights.