Todays short setup for LTCBTC
This is a short term trade based on:
This is a solid setup in my opinion with minimal upside (3.85%) - Stop less is set just above the recent pivot high.
Will cover half my short @ 0.012 (+7.5%) then let the rest run - real chance this could free fall...but more likely we just continue to see a bleed out, will probably cover before futures settlement date.
Risks: BTC moon run.
This is a short term trade based on:
- Bear Div in RSI, RSI oddly high on the lower timeframes
- Volume still dead
- EMA 20,50,VWAP all below current price
- No real zones of support around this price
- Lower high pivots
- Lower timeframe price action 5m-15m supporting a continued dive after current little pullback to the upside
- 3rd solid Test of 61% fib, all the above supports we break it
- THE TREND IS YOUR FRIEND.
This is a solid setup in my opinion with minimal upside (3.85%) - Stop less is set just above the recent pivot high.
Will cover half my short @ 0.012 (+7.5%) then let the rest run - real chance this could free fall...but more likely we just continue to see a bleed out, will probably cover before futures settlement date.
Risks: BTC moon run.
Nota
Closing full position here on the possible double bottom @ 0.01249Nota
Double bottom held, decision to cover was right.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.