Litecoin broke resistance and just completed the ABCD Harmonic Pattern with a nice 0.618 to 1.618 wave through previous support. Very likely old resistance becomes new support and we could see more small retracements in this bullish wave.
i mean any target ideas for the next days..ty for the chart!
PacoMoreno
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any target ideas of where might it go before stopping for this run.
brentonyoung
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@PacoMoreno, It will test the resistance but will need high bull volume to break through, very big news will need it to get back to ATH level instantly but it will gradually make a new high in the wave.
@PacoMoreno, Always HODL, only a small part of my portfolio is in margin trading
PacoMoreno
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@brentonyoung, Almost one year to learn that, and still I trade too much. I am supposed to have 1000%+ profit from where I started if I would just hold, but no; only a small/medium profit because I loose every good pump... I am making my portfolio this week and wont touch it, till the end of year or close to it. Ill keep a small amount to have fun like you do. I will hold bts,ada,eng,xrp,ltc,power,adx,trx,omg.icx. I am open to any suggestions if u have time to help, if i am missing any must have. Thanks in advance. Also, I just entered tradingview, I had never traded before and was doing it blindly for the last year.
Sorry for the long msg.
cheeseball212
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@PacoMoreno, I am in the same boat as you sir. Learn the hard way...
brentonyoung
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@cheeseball212, everyone learns the hard way but once you learn the hard way it's time to work the smart way. there is plenty of quality educational programs with it comes to financial, technical, fundamental, and sentimental analysis education. I started off in forex on demo accounts in the beginning of 2016. through trial and error, smart risk management, and great trading psychology I believe I am doing well in the markets.
brentonyoung
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@PacoMoreno, If you were to margin trade I would suggest only 10% of your initial portfolio funs be used for margin trading. but first getting down a solid strategy through a demo account to practice is ideal. feel free to email me: brentonyoung@yahoo.com if you have any other questions moving forward about margin trading, technical analysis, etc.