Alright, litecoin please hurry up and dump so I can swing long&chill
Any of the green boxes will be great entries.
It is all dependent on bitcoin of course. Too many options? how to trade this? You can long the first lower box on light capital with a wide stop and then add heavier as each new lower box gets met OR you can just chill and wait to see which box it bounces from. (Wait for confirmation, boring I know. Advice: find an exciting hobby, not here) Anyways wait for it to bounce off one and continue to make higher lows and higher highs (uptrend) in the hourly time frame and just keep firing longs into it like you're trying to shoot it out of the sky.
Above green box is invalidation of lower boxes (long break out) or super late entry after lower boxes, again (long break out)
I have an ongoing thread of day trading litecoin, as you can see from all the clutter.
I'll be updating this thread and continually trading litecoin. ***Thread in comments***
Any of the green boxes will be great entries.
It is all dependent on bitcoin of course. Too many options? how to trade this? You can long the first lower box on light capital with a wide stop and then add heavier as each new lower box gets met OR you can just chill and wait to see which box it bounces from. (Wait for confirmation, boring I know. Advice: find an exciting hobby, not here) Anyways wait for it to bounce off one and continue to make higher lows and higher highs (uptrend) in the hourly time frame and just keep firing longs into it like you're trying to shoot it out of the sky.
Above green box is invalidation of lower boxes (long break out) or super late entry after lower boxes, again (long break out)
I have an ongoing thread of day trading litecoin, as you can see from all the clutter.
I'll be updating this thread and continually trading litecoin. ***Thread in comments***