LTC Long

LTC on the dailys had a huge spike up, formed a HH, then has bled back to a near 100% retracement with barely a recovery.

I think we may form a huge Double bottom, or at least see some recovery come from the birth zone of the previous push up.

CCI just had a large spike out on the dailys, good chance it'll form divergence if we come down again to form

Entries are based on the Daily & 4H demand levels. But taken on the Bitmex contracts. Due to low liquidity and unknown price action at those levels, not going to set orders. Going to set alerts and act if price gets down there and I am able to take the trade. Risk dropped to 0.25R.

PHAT R:R's.