WhaleWatchersTrading

Short term trade setup. Possible longterm entry point

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BITFINEX:LTCBTC   萊特幣/比特幣
Litecoin is leading the crypto rebound in 2019. I believe we have started alt-season and gains will continue throughout the next few months. LTC has a cup and handle that is at a buy point. I think that we will have another large bounce, the markets are too calm and none of the coins seem to be making top formations. The cup and handle has always served me well in crypto. It was why I bought my first batch of btc around 550! So I am personally in this trade. I will be looking to sell some of my LTC in the short term and keep the majority. The chart on the left shows possible targets for the rally. Over the long term I see A head and shoulders pattern as well as an ABC continuation pattern. The ABC pattern is often misused but it also helped me buy ripple at .15 cents. (amags profile) .

Also O'neal says to buy after a long term base is built and highs are being formed. This criteria is met with this trade.

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