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Short LTC - Bitmex

Retracement is in line with our expectations. LTC did a great job, but correction is needed. Why I think so:
RSI is > 85 on most on the TF.
MACD shows us a bearish sign.
Bulls are getting tired.
Less volume now.
All the good news already have been announced, not good news any more.
It should touch now the 0.382 Fib level at least.
#DYOR
RSI is > 85 on most on the TF.
MACD shows us a bearish sign.
Bulls are getting tired.
Less volume now.
All the good news already have been announced, not good news any more.
It should touch now the 0.382 Fib level at least.
#DYOR
交易進行
As you can see it is now 0.01189, almost there at the 0.382 area. Just a little bit.If you want you can move your SL to 1195.
Good luck
#DYOR
註釋
RSI on the 4hr chart is almost crossing 70. When this happens then we could interpret this as a confirmation for a further correction. 0.382 fib is my first target
0.5 fib is my second target
Happy trading!
交易結束:達到停損點
I moved SL to 0.01185. It did not even come close to 0.382 fib area. Closed the deal!免責聲明
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。