LTC/USD 4H extremely tight, LTC/BTC Bear Flag
LTC is currently extremely tight on the 4H and will probably follow grandpa BTC's break. In case of a bear break, I doubt that we will make halt at the $110 previous S&R zone, but instead go on to test 100 Dollar psychological. In case of a bull break we can easily reach previous S&R zone $133, or even the local highs at $144.
In the direct correlation LTC/BTC the bulls could't reclaim the 0.011 crucial S&R zone, and are now in a bear flag, which clearly tests the bottom trendline for a couple of times already, and will eventually break, if the bulls don't manage to get the bounce going.
Can you read the chart yourself, or are you still dependent on other people like myself to read it for you? Do you have a trading plan with sheets, or are you trading from your head? Are you already making gains over the long-term, like a casino, or are you losing over the long-term, because you have no idea what your strategy is? => Those are all important questions, where are I can help you with. I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
In the direct correlation LTC/BTC the bulls could't reclaim the 0.011 crucial S&R zone, and are now in a bear flag, which clearly tests the bottom trendline for a couple of times already, and will eventually break, if the bulls don't manage to get the bounce going.
Can you read the chart yourself, or are you still dependent on other people like myself to read it for you? Do you have a trading plan with sheets, or are you trading from your head? Are you already making gains over the long-term, like a casino, or are you losing over the long-term, because you have no idea what your strategy is? => Those are all important questions, where are I can help you with. I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
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