LTCUSD Short idea, H&S pattern. Daily trendline possible broke

2017年5月14日

BTCE:LTCUSD
I believe LTC have a bright future, but right now hype about SegWit is over.
Big players are quiting.
Breaking Daily trendline and $25 treshold will be complited H&S pattern, which means minimal $13 dump, I expect $12.7, may be deeper

2017年5月14日

註釋

Bigger picture

2017年5月15日

註釋

Weekly candle closed in red, and it's look like "Spinning top" looks dangerous for LTC

2017年5月15日

交易進行

Sad for litecoin, we are braked the neckline of H&Sand pattern is accomplished, and now seems it should go deeprer, i excpect retest of neckline, and then broking of daily trendline

2017年5月15日

註釋

Huge volume on breaking support, means, that now we have strong resistanse at that point

2017年5月15日

註釋

I expect bounce somewhere near to 0.382 fib, then retest of neckline. But be careful, it's dangerous to go long on bear market, better open new short on peaks.

2017年5月16日

註釋

Testing neckline right now.

2017年5月16日

註釋

Good oportunities to add some shorts. You cat set stops above necline

2017年5月19日

交易結束：達到停損點

Stop was reached after breaking neckline. Looks like LTC have some more fuel.