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LTCEUR trade ideas

LTCEUR 13 FEB 2021 1615 hrs ( RSI centerline use)RSI is only an adjunct to volume. It is not needed. However after getting a grasp on supply and demand trading or Wyckoffs accumulation versus distribution concepts RSI can be very useful. I use it as a personal backstop and situational awareness tool. RSI here us set to 7 versus 14. The overbought and oversold are re-designated to the Supply and demand lines. The demand line is set to 25 versus 30 and the supply line is set to 75 versus 70. Then there is the centerline at 50. You may have to practice with it but what I have found is that accumulation and re-accumulation often occur below the centerline (as highlighted). Once RSI is below centerline you are looking for notable volume spikes that confirm that accumulation phase has initiated (sopping volume/climatic volume). This helps in two ways: it keeps me from staring into space for hours by setting an alert at the centerline level (on repeat during work) and it prevents me from entering into a long trade that may already be overextended . distribution phase and re-distribution generally happen above the 50 level (during a downtrend). But above all else volume, supply and demand are the priority to understand and internalize. Once you are confident with volume, all the indicators are the same: mostly useless. Sources of education: Richard Wyckoff Tom Williams Volume spread analysis VSA/ Master the Markets Pete Faders VSA* Read the ticker dot com Wyckoff analytics Dee Nixon Avoid buying into weakness/supply/resistance Avoid selling into strength/demand/support Avoid entry when price is in middle of a range (phase B) When you set a target and wait for price to get there (proactive/decreased risk) When you enter a trade when its already on its way to a target (reactive/increased risk)
Long
by dee718
1
LTC next goal 148.10Hello everybody, LTC TA this time, beceause i Think ATH is a consistent coin, with some good profit. If he hits resitance and not braking, he will fall back to the support, and then climb up. if he brakes he goes to 148.10. So i hope he don't brake, fall back to support, then buy, and then climbing up to resitance around 137.2, beceause it this way profit is the most ofcourse. Please place on watchlist, so that you can look if he brake, or fall. Il keep you up to date! No advice, just my opinin! Tim
by timlange2210
Every crypto is going upppppppppppp, except xpr Hiii everyone, This is just an opinion, nothing more or less, So in my opinion, -it will take some time to see a big dump, al least a few months I have notice something extremely interesting, some big big big player is buying all the considerable dumps, and destroying alllll the people that short crypto(like with tesla), is a win win, you keep the price high + you make money with the people that short crypto +more interest of people to invest in crypto = moon+a king(The big big player). -I think most people are starting not to sell(thinking like an investment), because its proven that if you keep the money vs buy sell buy sell + STRESSSSSSSS, you make more money(no fees, no bad buys or bad sell) and you live more years ;). -Also I live in german, and where if you keep the crypto for one year, you don't pay taxes, yeppppppp...tax haven for investing mentality. You guys know what they call to the taxes for people that dont keep it for one year, "speculative transactions" – exist within the meaning of Section 23(1) no. 2 of the German Income Tax Act...interesting "ja", and believe me in german is where the money is, from europe. I wish to everyone a lovely day, don't forget to live..just stop looking to the up and down and breath, take walk, make love..live my friend live... ;) Muaaahhhhhh and sorry for my english..
Long
by CubaStyle
3
LTCEUR Price drop cca 10%, then continue positive trendLooking at the 1h chart we can see that LTC is a somewhat overbought area. After bitcoin broke ATH, LTC followed the growth and broke resistance that has been in place since the beginning of December. As the current price is quite far away from the 200 EMA, my prediction is that price will drop towards the 200 EMA too around 71e and then bounce back to follow the upward trend from December 11th. I am a beginner trader, just starting out. Any advice or critique is welcome.
by lkunej