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Higherhighs

LTCUSD (Litecoin) 2 Areas Where I Will Be Looking To BuyLitecoin's Bigger picture is at a fairly low price, the market recently broke out of its down channel showing signs for a bull move, now the market already went up and toke out some highs, Im not planning to just jump in now out of FOMO, if Litecoin shoots up now I miss the move and I go look for some other things to trade, if the market comes back down creating a crown or even if the market goes up a little more and then comes back down to the areas marked in the picture which will also be a crown formation I will look to get in going long. If you have any questions please ask, if you have difficulties understanding what a crown is or you don't understand this chart, feel free to massage me. Great Day!!!
COINBASE:LTCUSDLong
by ElyaStein
BTC Update! Bulls hold support and rally higher!Two charts ago we were anticipating an eventually break above $5665 for BTC and had been watching the 12 EMA support. Then came the negative tether news which sent BTC down, losing the 12 EMA support but managed to hold the higher lows in tact on daily chart by $18. Those have continued to hold and last chart we were watching to see if hourly and 4 hour charts could regain their higher lows and higher highs to start the march back up or if the bears would reload. Bulls win again here and BTC back up to new highs for this year which is always nice to see. I continue to have my box of heavy resistance up ahead that I laid out a few charts ago. Personally I did enter position on an Alt coin a few days ago on 4/29 which was with ONT. Thus far its given about a 10% return despite not being one of the stronger alts in recent days. I have sold some just to lock up a bit of profits and will ride higher lows on hourly or 4 hour chart for remainder of position. I chose ONT simply due to what appeared to be a bottoming candle on hourly chart on 4/29 where bears drove price down to $1.00 (nice round psychological number) and bulls showed an extremely high bull volume come in. I began layering in buys over the next several hours and filled around $1.05 for an average buy and was then able to initially use $1.00 as my stop loss until the bulls got things moving up higher. Overall happy with the trade and will see if ONT bulls can start a march towards yearly highs again. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
BTC Update! Bull break and now watch for continuation!Welcome back bulls. Yesterdays chart I spoke about watching the tightening pattern as BTC was in an equilibrium. I had personally entered an LTC position recognizing using the lows as a stop loss gave me a risk of less than 1% on my position and was hopeful for a 4-5% ideally on a bull break up. We got that and then some with LTC as BTC broke out bullish. We wanted to see volume and the big green candlestick and bulls have given us that. Bulls broke through all 3 of the prior resistance levels I had laid out yesterday (3657, 3667 and 3711) and topped out currently at $3766 for this move. % wise for BTC nothing crazy but bulls comfortably in a position, some brief consolidation today and another leg up allows for all the bulls to safely stay in position if they choose without risking a loss on the trade. For me personally, I was sleeping when the move happened so did not exit any of my LTC trade which at its peak ($33.15) was about a 10% move for my personal trade. I've moved my SL up now just to guarantee a positive trade in case bulls do not give continuation. Otherwise, I'll comfortably wait and see if we get continuation today or by tomorrow for our next leg up and can ride stop losses up higher as bulls establish higher lows or scale out of some position as the bulls run. Overall a pretty straight forward setup from yesterday we were watching and expecting LTC to give the better % gains. For BTC, $3580 is our higher low to currently hold and ideally want to see bulls go nowhere near there before they get another leg up. They need to start building the higher lows and higher highs now and stair step back up for this to give some more significant momentum to the bulls. EMAs on 4 hour also gave us a bull cross for first time in about 2 weeks so hopefully the bulls can maintain that. Good luck with those trading, bulls still have a lot of work to do to prove themselves but happy the charts continue to give safe trades even in this market. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats