LitecoinLong
Crypto Bottoms: LTCUSD
Cryptos continue to humble and frustrate. Here is a LTC setup that caught my attention while looking for additional midpoint setups that suggest an ending of this sell-off.
At this point I'm looking to always have 50% of my crypto trading capital deployed. Ongoing price suppression can end any minute as far as I'm concerned. So if I'm wrong, such as in my last idea "THE BOTTOM IS IN", I only sold half my positions, looking to buy back in at lower levels and lower my average buy price. I'm buying some back in right now according to this setup. If you paint this similar setup on the ETHUSD 4 Hr chart you will note a similar support zone we're hitting now.
I've linked a previous idea I'm watching again now more closely... I consider that ETHUSD setup to be the most bearish scenario possible calling for an ETHUSD dip to 100
At this point I'm looking to always have 50% of my crypto trading capital deployed. Ongoing price suppression can end any minute as far as I'm concerned. So if I'm wrong, such as in my last idea "THE BOTTOM IS IN", I only sold half my positions, looking to buy back in at lower levels and lower my average buy price. I'm buying some back in right now according to this setup. If you paint this similar setup on the ETHUSD 4 Hr chart you will note a similar support zone we're hitting now.
I've linked a previous idea I'm watching again now more closely... I consider that ETHUSD setup to be the most bearish scenario possible calling for an ETHUSD dip to 100
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.