I have received a high of messages asking why we didn't advise people to buy at the time of the post. The reason for this is our charts are based off not taking a stab in the dark. Our analysis showed that to confirm the breakout we had to cross the top of the bar the day before at $165 at this point the breakout was confirmed and solid as results have been shown
Never worry about the first 6%, 7% or 8% you miss at the start of a bull run its better missed because if we didn't see the breakout you could of been down in funds. The focus is to be happy with what you have earned and realise the first few percent was for the security and protection of your own capital.
I am in the business of making money and I want you to be in the same business with me, you can follow our page or check our charts and see we will not open an entry unless the charts tell us to. Trading on emotion will lose money, trading without patience will lose money.
Trading with sense will make dollars and thats what we are here for, well I hope so anyway!
Thanks again and there are many more charts to come so rest assured if you missed this one join us and we hope for a very fruitful 2018!
Please note: With BTC Rallying we suggest taking a second piece of the profit at current levels, its been a nice run lets bank lots of profits.
Original trade post below for those of you that haven't followed.
LTC appears to have a put in a bottom bouncing twice off the 200EMA (Green Line) and 78.6 Fib Retracement (Overlaid).
It has then broken the 150.31 Horizontal level and came back to retest. This has Formed another pattern (Advance through the level, Come Back to the level, and Continue in the original direction.
We are looking for an entry above yesterdays green bar around 165.00 CRUCIALLY this level will also signify the break of the (overlaid in light blue). This set up is tempting on a shorter timeframe but new traders should ignore it due to the possibility of entering in the channel and being bounced out from the channel top.
Entry is 165.00, with SL if aggressive at 147.00 and if Conservative 140.00, Targets are 197.00, 239 and 269 (The Blue Lines)
We have updated analysis available on LTCUSD