Hi Trading View Family,
Hope you all are doing well. I am planning on being more active on TV. The reason why I started posting in the first place was to be an honest reference in the market. I think there are more Jake/Logan Pauls on tradingview than it needs to be :P I guess that is the trend of the internet, entertainment, ego and drama. When I first started I watched Sean_Vengan and the like, they posted really retarted TA's (IMHO) yet at the time was a consistent top analyst, now he has fallen into obscurity. Not to mention his ban. Yes, TA's are meant to be taken at your own risk, but unfortunately, people follow TA's being posted, real money is being made and lost. Sadly the latter is truer when TA's are EGO driven vs. properly educating the market.
I am careful when I post my TA's because i know real money is on the line and you can be 100% confident that I put my money where my mouth is, thus, you all can have confidence that I take the time to draft out and think of various options the market can take.
All of my buys points have triggered on both BTC -3.90% and LTC. Both charts have played out perfectly on calls i have set weeks prior to the drop. Feel free to review and follow my updates on my previous LTC TA tagged below where i perfectly drafted the lines and called the market pricings.
For our current TA:
I drew the initial downtrend line on Monday with 0 adjustments (While I was hosting a TA lesson with my group). The market has followed it perfectly. So what we can expect since the RSI is oversold on the 4 hour chart is certain level of price rebound. We can hopefully expect a 20% bounce if we continue to head further south. If the market wants to hit oversold on the daily RSI which it seems like it wants to do we can set up buy positions at $120 - 105 range which i think is the market bottom (two weeks from now).
Reviewing the previous oversold positions on the 4 hr -0.36% chart the average bounce has been a minimum of 20% which i think is a very safe number. I do not think the market is yet ready to enter a full bullish trend yet. Probably closer towards the end of the month or the start of April. Right now with this market we can expect bearish trends within the next two weeks and some positive uptick once the market has been oversold on the daily.
I will continue to post on this idea and LTC is still a solid investment for long-term.
DROP A THUMBS UP, COMMENTS, AND A FOLLOW IF YOU LIKE MY STUFF. ALSO ANY QUESTIONS OR CONCERNS FEEL FREE TO ENGAGE WITH ME PRIVATELY OR IN THE COMMENTS BELOW.
HAPPY HUNTING,
Regalia