LTC is about to encounter a retrace/ the rest is above in chart. Alan-masters also is in this trade which I agree on this one. XBT BTC is hitting heavy expected resistance at 3800 XBTUSD and will most likely reflect off this line for now. All indicators show we are at a higher risk of a retrace to find a new support and looking short term very bearish. The longs have started to take profits and LTC seems to be especially susceptible.
Entry : red box in chart SL: 1310 Target: 1160/ 1115 Leverage: no more than 15X recommended/ use cross for conservative shorting
Trade active
I personally have 10% of my account allocated to this trade! Lets get this Crypto!!
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Everyone still in their shorts from my previous posts from 3700-3900 hold your positions. Add one more short position at 4000 (no more than 10x leverage) and wait for the retrace to 3725-- buy take profit.
Everyone in my private chat that asked me over the last 3 days, we did excellent on our EOS trade at 15x for 380% as well as our long awaited XRP move that many bailed out of and criticized LOL but we came through. Even caught some hell on the Red X live-stream for my ideas on EOS and XRP.
Last idea/ avoid taking any positions at all on ETH - seriously do it at your own risk. News is factoring into this coin heavy and the chart patterns/ indicators cannot be trusted as strongly as with other options. This is a 50/50 and the amplitude of ETHs moves will surely knock out some SL's over the next few days.
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