Dukun
LTC/BTC still bearishLTC/BTC strong downtrend
Here some facts in TA perspective:
1. DFT indicator shows that LTC in downtrend zone (orange color)
2. Market Movement Indicator V2 => strong bear (oversold)
3. Fibo extension retracement from swing before indicate support level
In my opinion, we should wait at least until LTC/BTC break out from DFT orange zone.
We have already backtest this trading method with good result, not too bad.
Put some alert in DFT when price crossing up from lowest fibo, around 0,010539, BUY on speculation
ETH moving out from strong bearAs you can see BINANCE:ETHBTC still in major downtrend.
Just now, there's reversal signal (X) in DFT indicator, and Market Movement Indicator going up from strong bear zone. So there are 2 signs already that indicate price going to move higher. William Alligator also showing change of trend. This is really interesting..
BUT, we have to be very cautious since BTC/USD and ETH/BTC still in major downtrend. Shit happen, so don't forget using stop loss at 0,0539