LTC Forming Potential Diamond for 10% swing.

アップデート済

LTC and BTC have repeatedly formed diamond patterns that have been very accurate in predicting price action.

I'm watching LTC for another potential diamond which appears to be forming. IF it completes, measure height would be 12.15, for a 10% swing.

If it completes and breaks up, and confirms above 124.95 then TP is 137.1. If it breaks down and confirms below 112.8 then TP is 100.65.

More on the diamond here: thepatternsite.com/diamondb.html

ノート

A new lower has been made, but potential diamond still in play. TPs should be slightly adjusted if pattern forms. Will update price targets if pattern completes.

ノート

A nested diamond fractal has formed inside the larger potential diamond. An attempted breakout above 118.11 has pulled back. Upper TP would be 124.22 for the inner diamond and Lower TP 105.89

ノート

A nested diamond fractal has formed inside the larger potential diamond. An attempted breakout above 118.11 has pulled back. Upper TP would be 124.22 for the inner diamond and Lower TP 105.89

トレード稼働中

Long position entered on pullback to inner diamond trendline @115.31. Expecting at minimum a test of the inner diamond tip at 118.11.

ノート

Moving toward tip. Lets see if we can get a confirmation and move to the 124 TP for the inner diamond. Following trade here with a tight S/L because market conditions are ripe for a dump at any moment.

ノート

TIP tested and broke. Should move to 124 now.

トレード終了: ストップロスに到達

Stopped out at 118. Breakout failed.

ノート

Potentially, just a (sucessful) stop hunt but market is too risky to hold.

トレード稼働中

Long entered at 117.25, again will protect with a tight stop, and will up the stop as price moves up at the risk of being stop hunted.

トレード終了: ストップロスに到達

Stopped out at 118.75. This is fun. Not. Oh well, will rebuy another dip. with another stop. Small profits are better than none.

ノート

It TP1 hits of this inner diamond it will complete the larger diamond. Price still pulling back here though.

トレード稼働中

Long entered at 115.5. Yet another diamond has formed. Looks like bulls are trying to put in a bottom here. Still downside potential risk so tight stops are mandatory.

トレード終了: ストップロスに到達

Trailing stop hit at 116.8.

トレード稼働中

Re-entered at 116.05. S/L at 116 and will again trail to protect against loss.

トレード終了: ストップロスに到達

ノート

Falling out of inner diamond. Updated Price Targets.

ノート

LTC Big picture TPs

ノート

LTC falling out of inner Diamond expect to test support at 112 and will take long position if it holds. It would indicate we are range bound for 112 to 119.73 until it decides where to go. If it breaks, price should move toward 104.27 were price action will determine next swing.

ノート

LTC 112 did not hold. Odds are any bounce from here would be just shorts covering. I am going to resist temptation to go long until we get down into the 100s.