LTC/BTC - Potential 100% Gains
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The "Prolonged Divergence" clearly suggests how LTC sellers have been exhausted over time and not much of LTC hodlers are left to actually sell. A big panic sell off might occur only if we decisively break past the "end game" support line as demarcated in the above chart. However, I potentially see that this event is not likely to occur. If I were you, I'd start accumulating a few LTCs on these levels.
There cannot be a 100% probability towards a trade as markets consists of various sentimental traders and HTF bots seeking to find the majority of liquidity across various price levels.
However we can just have a little inclination of probability factors towards our end through TA.
I would say that the probability of this setup lies 60% towards "BULLS" end.
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Be a responsible trader, have stop losses and stick to them, NO MATTER WHAT.
There cannot be a 100% probability towards a trade as markets consists of various sentimental traders and HTF bots seeking to find the majority of liquidity across various price levels.
However we can just have a little inclination of probability factors towards our end through TA.
I would say that the probability of this setup lies 60% towards "BULLS" end.
.
Be a responsible trader, have stop losses and stick to them, NO MATTER WHAT.
Nota
Expecting target 1 to be hit soon.Nota
Buy levels (incase of a dip)0.0074 - 0.00805
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Stops Loss : a daily close below 0.00689
Nota
Target 1 Hit (Bitstamp)Nota
Just missed the buy zone. Trade is still on going.Nota
Viola! Broke the 0.0099 resistance with conviction.
It should be working as a support henceforth for the Mid term.
Trade ongoing.
Nota
Up 42% since the trade was opened.Nota
Well well. Pretty unexpected run straight upto T2 but just missing it by a few thousand sats.
Nota
Maybe it's the having effect. No one's talking about it.Nota
Yep, T2 Hit.Nota
Closing the trade here!Nota
Caught the move nicelyNota
Okay, seems like cryptocurrencies do not want to stop for a while.
Penafian
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