LTCUSD - Weekly - Extended Accumulation Phase
Updated
Click Here🖱️ and scroll down👇 for the technicals, and more behind this trade!!!
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.................✋NFA👍..................
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📈Technical/Fundamental/Target Standpoint⬅️
1.) Extended accumulation phase, similar to BTC when it was hovering around $1000 - $3000. Normally these extended accumulation phase mean, we likely will no longer see this price range again once the bull cycle occurs.
2.) A upper momentum signal has been triggered since 2/28/2024, this is usually a good sign when it comes to breakouts.
🤖Trading Bot Stance⬅️
1.) Double bullish trend confirmation
2.) Signaling to reduce long positions by 50% which could indicate a short term pullback is upon us
3.) 14 day trade ban is in effect for any new long positions, until the potential pullback occurs.
🐳Monthly Bot Round Table Analytics for Russell Indexes⬅️
1.) 35% chance we will end the month in green.
🌎Global Market Sentiment Approach⬅️
1.) Mostly bullish until rate cuts take effect, but also taking into consideration the round tables probability for the month of March.
2.) Normal free cash flow to put into a trade should be reduced. Meaning if you trade $100 per trade, then reduce that to $50 per trade.
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........🎉🎉🎉Before You Go🎉🎉🎉….......
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Leave a like👍 and/or comment💬.
We appreciate and value everyone's feedback!
- assetsandcoffee📈☕
________________________________________________________
________________________________________________________
========================
.................✋NFA👍..................
========================
📈Technical/Fundamental/Target Standpoint⬅️
1.) Extended accumulation phase, similar to BTC when it was hovering around $1000 - $3000. Normally these extended accumulation phase mean, we likely will no longer see this price range again once the bull cycle occurs.
2.) A upper momentum signal has been triggered since 2/28/2024, this is usually a good sign when it comes to breakouts.
🤖Trading Bot Stance⬅️
1.) Double bullish trend confirmation
2.) Signaling to reduce long positions by 50% which could indicate a short term pullback is upon us
3.) 14 day trade ban is in effect for any new long positions, until the potential pullback occurs.
🐳Monthly Bot Round Table Analytics for Russell Indexes⬅️
1.) 35% chance we will end the month in green.
🌎Global Market Sentiment Approach⬅️
1.) Mostly bullish until rate cuts take effect, but also taking into consideration the round tables probability for the month of March.
2.) Normal free cash flow to put into a trade should be reduced. Meaning if you trade $100 per trade, then reduce that to $50 per trade.
=================================
........🎉🎉🎉Before You Go🎉🎉🎉….......
=================================
Leave a like👍 and/or comment💬.
We appreciate and value everyone's feedback!
- assetsandcoffee📈☕
Note
While price action is quite boring and currently chop trading, a few things to keep in mind...1. Long interest on Bitfinex continues to rise, and short interest continues to fall.
2. Accumulation continues regardless of the price manipulation that occurred on 4/12/24 and 4/13/24.
3. Our reliable momentum indicator triggered temporarily for about a week, which is usually a sign that we could see an increase in volatility sometime between June and July. Both months are known to have a 62% chance, and 60% chance respectively of closing in green.
When comparing LTC to BTC past price history, both have very similar technical signals, which reaffirms my stance that LTC is Bullish
Disclaimer
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