Litecoin (LTC) - Technical Analysis. Descending wedge breakout. Here come the bulls!

in bitcoin •  7 years ago  (edited)

Unfortunately with trying to keep up with everything,, trade and post, I missed this LTC trade but what a wonderful move it was.

We can see how rapidly the trading incentive can change.

But not to worry!

This can be used as a sign of a trend change and now we can use that information to begin looking for bullish chart patterns Ive previously written about, and Fibonacci pull backs to get on board this trend.

I will be keeping my blog updated if I see an a safe entry come up on LTC in the next week or so.

The fact I missed the original entry can actually work to give us a safer entry, especially for the newer or slightly more emotional traders. Now we have a confirmed BULLISH break out, we are in a much safer position to look for a buy position.

LTC.PNG

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

I did break out too. Kind neat how ypu can predict things.

Are you a trader yourself?

  ·  7 years ago (edited)

Not like you guys. I trade some but nothing serious. I love being on Steemit and SteemThat.com mainly because of all of the tips and tricks I'm learning. One day I would love to trade all day long. i used to trade forex which is similar I think. I just got lucky.

its always worth a go bud. Let me know if you need any help with getting into the markets :)