TradingView
dr.ehabaziz
2017年6月15日晚上10點00分

LTC holding on against BTC drop  看多

Litecoin / BitcoinPoloniex

描述

During BTC crash

I try to find that crypto that holds most against the test

LTC did

We noted the nice setup in our previous chart

If Bitcoin recovers and there is early signs of that our impression

LTC, Dash, ETH and ETC are the ones posed for very promising gains

on this chart

if we break out of the ranging pattern highlighted go very long

I hope you find that helpful
trade to your taste
評論
tukzi
Thank you for sharing the idea. Do you think there is a potential cup forming ?
dr.ehabaziz
@tukzi, The Current market lacks the volume and the confidence of strong moves.

Personally, I am picking up long term trades which I think this is one of them. I don't have the time to trade on smaller time frame charts.

The potential cup could happen around the .0 140 Mark or even the 0.0154 Marks If we break out of the current range.

Fundamentally, LTC has a lot of strong investors behind it which is quite reassuring. and I am happy to trade it as long term for bigger potential.

Good luck
tukzi
@Dr.ehabaziz, Appreciate it :)

Wish you all the best !
tukzi
@Dr.ehabaziz, though I still need to see how the day may close, I think there actually can be a cup forming with this much volume so far.
dr.ehabaziz
@tukzi, Hi buddy,

3 possible scenarios: 1 it continues advancing with minimal correction, 2 it corrects with a handle for few days then it shoots up, 3 it is a bull trap and it crashes to its previous ranging area.

The latest is unlikely based on fundamentals and technical analysis tools; Bulls are in control for now.

We are left with sit back and relax, which suits me better or sell and buy the dips which may suit others.

If we see a handle, possible good entry levels would be around 0.0120 to .0130 which is about 12-15% from where we are now.

If we sit back and relax, we could be testing the 0.020 level and if that breaks it is even higher. that is more than 20% minimum gains.

it is a game of probabilities that is very fluid and your decision should be the same

I hope that proves helpful bearing in mind, it is very hard if not impossible to get a perfect entry and perfect exit.


Best of luck !
tukzi
@Dr.ehabaziz,

Awesome !

Thank you so much for your analysis. Really appreciate it.

Wish you all the best, master :D
fineregex
a squeeze is never nice
dr.ehabaziz
@fineregex, this one will be a nice one
fineregex
@Dr.ehabaziz, no squeeze : evil
dr.ehabaziz
@fineregex, till it gives away. A lot of people are waiting on this one
更多