LTC

Got put on this idea by some top pros I follow- just adding it to my own ideas to confirm it and for tracking purposes.

LONG-
-Solid Uptrend
-Symmetrical Triangle- BULLish continuation Pattern
-Elliot Correction Triangle Wave Complete- ABCDE
-Reversal Candles on point E
-BULLish Stochastic
-BULLish RSI
-BULLish MACD

Entry Options Based on RISK
MOST RISK 1. Enter on Reversal Candle= $70.40
2. Enter on Pattern Break= $71.65
3. Enter on Pattern break and local Swing High broken= $72.15
Least RISK. 4. Enter on confirmed uptrend as previous uptrend Swing High Broken

Trade attivo:

I like to scale in and don't mind higher risk entries.

Entered at $70.80

Triggers Set around next 2 targets for remainder of position.

Commento:

as long as it stays inside in the tightening pattern should be ok
(higher lows and lower highs), if it breaks that then I am on ALERT

-next if breaks symmetrical triangle pattern- high ALERT
must break by 1-3% and candle CLOSE (not just wick) outside pattern, or multiple closes outside pattern

-Breaks local swing low- then BEARs in control

Trade attivo:

scale in successful- 3 targets met

Averaged in at $71.59

Trade chiuso: obiettivo raggiunto:

booked some profit $78.80

remainder of volume still in play

Trade chiuso: obiettivo raggiunto:

$83.50- I'm out.

Head and shoulders top on hourly chart- bouncing off neckline. BTC cancelled this same pattern last week for new all time highs.

Head and Shoulders Top/ Bottom- some of the most consistent of all patterns- but only confirmed if breaks neckline- after breakout, retest of neckline also common.

Lost my patience. Take my profit and look for something new