Once in a while, grandpa LTC likes to put on his running shoes & go absolutely parabolic.
Could the Sushi tease from SatoshiLite ignite the spark to get LTC running?
In 2017 we grinded & lost the Mean Mayer Multiple band (white)
Then we reclaimed it & backtested it twice (red box)
Now we grinded & lost the Mean Mayer Multiple band (white)
Then we reclaimed it & backtested it twice (redbox)
Then we did 460$ in 13days.
Will we do it again? who knows.
When it looks like a H&S...
When everyone is calling a H&S...
It's going to print a H&S, break the neckline & trigger some stops/sells...
Just to reverse & shoot up like a rocket.
This has happened on many occasions.
July 2019 : XBT/CAD drops to 100$ cad
Sept 2019 : XBT/USD flashes 1000$ drop
Sept 2018: ETH/USD flashes 40$ drop
2017 they even had a lawsuit against them for it : www.ccn.com
So...
1) NEVER trade on kraken
2) Have some buys on insane low levels ready for this.
Was drawing some lines like a noob & saw that OMG/ETH is in what looks to me like an upwards trading channel.
I'm holding off to take add to my stack based on the bounce or break on the lower channel.
4H chart :
RSI bottoming
Volume slowly increasing
Almost hitting support trend line
only MACD flip missing
Close above resistance trend line with macd/rsi/volume pointing in the right direction = a good chance for a next leg up.
