LONG setup for LTCUSD:
Entry at $54.5, (confluence of 0.618*A = C as well as 0.618 retracement of the whole leading diagonal)
Stop at $47.1 (under last low, would deny the diagonal being wave 1)
Targets = $73 (wave1 = wave3) and $84 (1.618*wave1 = wave3)
Entry at $54.5, (confluence of 0.618*A = C as well as 0.618 retracement of the whole leading diagonal)
Stop at $47.1 (under last low, would deny the diagonal being wave 1)
Targets = $73 (wave1 = wave3) and $84 (1.618*wave1 = wave3)
Trade active
Comment:
Likely there is still 1 more small wave (5th of C) down ahead, so if you want to enter this trade but haven't yet, a buy limit at $51 (with stop at $47.1 and T1 = $68 and T2 = $80) would be perfect entry.
Comment:
As predicted, today was another opportunity to get in at $51 (lowest point was around $50.4 or so), thought it is still possible there will be another small wave down while still keeping the main count intact, it is not likely anymore.
Comment:
Insane pump on USDT exchanges. Is this a little spook or Tether really going to 0? Either way, I don't have any plans to change anything as my collateral is all in crypto anyway and I have a long vs USDT (this LTCUSDT long).
A bit of insight: twitter.com/CarpeNoc.../1051718693833437184
A bit of insight: twitter.com/CarpeNoc.../1051718693833437184
Comment:
Ouch, got hit really close to the stop. But no fretting, letting it play out.
Trade closed: stop reached:
TAKE DOWN