BallsOfSteel32

BallsOfSteel32

LTC overbought in the 4 hour. LTC pulling back after what appears to be an overextension. Fib levels for the retracement are potential short opportunities. Next levels to watch are in purple overhead. What a move today! First round of profit taken at the 191.50 mark. Cheers! This is clearly not advice. This is for my record and reference as a hobby...

BallsOfSteel32

LTC is nuetral across most timeframes on the rsi. LTC appears to be taking a ride on a steep trend line upward. LTC breaking local resistances and in price discovery. BTC continues bullish mementum. I see us tested our recent high around 184ish possible on the daily candle. This is clearly not trading advice, this is for my reference and enjoyment as a...

BallsOfSteel32

We can see that lite coin made a strong move to the upside breaking out of the right triangle. The 1 and 4 hour rsi are moving into overbought territory. The daily chart rsi is still very nuetral. There could be tremendous upside in the coming days. The upper resistance is going to be in the 161.50-165 region. Looking forward to more gains! This is clearly...

BallsOfSteel32

Continuation of previous post. Falling triangle. Potential Breakout to upside. This is clearly not advice. This is for my own reference and record as a hobby trader. Dont be shy to critique. Thanks for looking!

BallsOfSteel32 Updated 

My new bit of learning today has been that a falling triangle can be either bearish or bullish depending on the case. In this instance, I see LTC in reversal, ready to test overhead resistance after breaking out of this triangle. I have shown the likely path ltc will take before it is squeezed to the upside. RSI is neutral. I am bullish on LTC and BTC long...

BallsOfSteel32 Updated 

Not sure If I took the bottom of the impulse to the top properly, or if this should even be applied at the 4 hour chart. From what I have read from news, other posters, and the current price action this is where I think we are going. .5 Fib likely will hold in my opinion. if not, .618 should be a quick bounce. RSI suggests more room too fall before finding the...

BallsOfSteel32

Third follow up. Next target and range

BallsOfSteel32

In this chart, you see we are trading in a rising narrowing wedge. Look for a break-out to the upside as the price gets squeezed upward. We will likely continue to trade in this range at least the coming few days as long as the market stays steady and there are no new developments. This is not financial advice. I am not a financial adviser. This is for my own...

BallsOfSteel32

Ltc has a strong rising support. The next few days are going to be interesting. Im not super sure, but I think we should be re-testing the nearest resistance soon. My stop loss would be at the 129.50 area. BTC LTC seems to be more balanced as the market stands. Could go either way. Would love everyones thoughts. This is not financial advice. This is...

BallsOfSteel32

I drew this chart last night to track what I thought would happen in the time leading up to christmas. I am new to trading, but have been watching the markets since the beginning. This is in no way advice. This is for my own interest. Thanks for looking!