Hi!
Since the last idea posted on Litecoin vs Bitcoin I was stopped at 0.010950. They are past waters.
Analyzing the further movements,we can see that Litecoin might be facing a bear trap (purple square) which is a good sign of reversal, indicators also show us good risk/reward. Stochastic is pointing up, volume is growing.
Bitcoin is consolidating, so it means we may see few altcoins performing meanwhile, Litecoin has good fundamentals to keep it's way up.
Resume:
- Bear Trap;
- Stochastic pointing up;
- Volume is growing;
- Good Risk/Reward;
- Bitcoin consolidating.
Conclusion:
Long
Strategy:
- I'll wait for a confirmation. I wish Litecoin test 99 MA (0,013813) and then test it's symmetrical triangle support (0,012107).
- I'll put a buy order at 0,012960 and put a stop-loss at 0,010960.
- I'll move my stop always the market is in my favour.
****
Manage your stop according to your risk management. This is not financial advice.
Since the last idea posted on Litecoin vs Bitcoin I was stopped at 0.010950. They are past waters.
Analyzing the further movements,we can see that Litecoin might be facing a bear trap (purple square) which is a good sign of reversal, indicators also show us good risk/reward. Stochastic is pointing up, volume is growing.
Bitcoin is consolidating, so it means we may see few altcoins performing meanwhile, Litecoin has good fundamentals to keep it's way up.
Resume:
- Bear Trap;
- Stochastic pointing up;
- Volume is growing;
- Good Risk/Reward;
- Bitcoin consolidating.
Conclusion:
Long
Strategy:
- I'll wait for a confirmation. I wish Litecoin test 99 MA (0,013813) and then test it's symmetrical triangle support (0,012107).
- I'll put a buy order at 0,012960 and put a stop-loss at 0,010960.
- I'll move my stop always the market is in my favour.
****
Manage your stop according to your risk management. This is not financial advice.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.