We have broken the ascending wedge from my previous post which is a good indicator we are going to move down. 
My posts before that still remained bearish for the most part on LTC. Once we get a confirming break of the 190 level, i think a retest of this $100 area is entirely possible.
In a bear market, no better trade strategy then using the martingale strategy! I will be looking to buy at the 170 area, 150 and finally right around 110. The idea being is, you go in with a small percentage at 170, say 10-20%, as the market bounces from 170 to 190 to move back down, we would make that difference and you then have the option to put those buys back on or not. As the market continues down, our average prices will get lower and lower and we'll be able to take advantage of those falling prices as well. Works really well in these markets.
Happy Trading!
-Sherem
In a bear market, no better trade strategy then using the martingale strategy! I will be looking to buy at the 170 area, 150 and finally right around 110. The idea being is, you go in with a small percentage at 170, say 10-20%, as the market bounces from 170 to 190 to move back down, we would make that difference and you then have the option to put those buys back on or not. As the market continues down, our average prices will get lower and lower and we'll be able to take advantage of those falling prices as well. Works really well in these markets.
Happy Trading!
-Sherem
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.