LTC and BTC have repeatedly formed diamond patterns that have been very accurate in predicting price action.
I'm watching LTC for another potential diamond which appears to be forming. IF it completes, measure height would be 12.15, for a 10% swing.
If it completes and breaks up, and confirms above 124.95 then TP is 137.1. If it breaks down and confirms below 112.8 then TP is 100.65.
More on the diamond here: thepatternsite.com/diamondb.html
I'm watching LTC for another potential diamond which appears to be forming. IF it completes, measure height would be 12.15, for a 10% swing.
If it completes and breaks up, and confirms above 124.95 then TP is 137.1. If it breaks down and confirms below 112.8 then TP is 100.65.
More on the diamond here: thepatternsite.com/diamondb.html
Nota
A new lower has been made, but potential diamond still in play. TPs should be slightly adjusted if pattern forms. Will update price targets if pattern completes.Nota
A nested diamond fractal has formed inside the larger potential diamond. An attempted breakout above 118.11 has pulled back. Upper TP would be 124.22 for the inner diamond and Lower TP 105.89Nota
A nested diamond fractal has formed inside the larger potential diamond. An attempted breakout above 118.11 has pulled back. Upper TP would be 124.22 for the inner diamond and Lower TP 105.89Trade attivo
Long position entered on pullback to inner diamond trendline @115.31. Expecting at minimum a test of the inner diamond tip at 118.11.Nota
Moving toward tip. Lets see if we can get a confirmation and move to the 124 TP for the inner diamond. Following trade here with a tight S/L because market conditions are ripe for a dump at any moment.Nota
TIP tested and broke. Should move to 124 now. Trade chiuso: stop raggiunto
Stopped out at 118. Breakout failed.Nota
Potentially, just a (sucessful) stop hunt but market is too risky to hold.Trade attivo
Long entered at 117.25, again will protect with a tight stop, and will up the stop as price moves up at the risk of being stop hunted.Trade chiuso: stop raggiunto
Stopped out at 118.75. This is fun. Not. Oh well, will rebuy another dip. with another stop. Small profits are better than none.Nota
It TP1 hits of this inner diamond it will complete the larger diamond. Price still pulling back here though.Trade attivo
Long entered at 115.5. Yet another diamond has formed. Looks like bulls are trying to put in a bottom here. Still downside potential risk so tight stops are mandatory.Trade chiuso: stop raggiunto
Trailing stop hit at 116.8.Trade attivo
Re-entered at 116.05. S/L at 116 and will again trail to protect against loss.Trade chiuso: stop raggiunto
Nota
Falling out of inner diamond. Updated Price Targets. Nota
LTC Big picture TPsNota
LTC falling out of inner Diamond expect to test support at 112 and will take long position if it holds. It would indicate we are range bound for 112 to 119.73 until it decides where to go. If it breaks, price should move toward 104.27 were price action will determine next swing.Nota
LTC 112 did not hold. Odds are any bounce from here would be just shorts covering. I am going to resist temptation to go long until we get down into the 100s. Trade attivo
High risk. Playing a dead cat from 111.25 expecting .5 local fib retrace for a small scalp.Trade chiuso manualmente
Stopped dead in tracks. Took profit at 112.99Trade attivo
Round 2 111.05 long. This is not a good idea BTW. Tight stops mandatory.Trade chiuso: stop raggiunto
Trade attivo
Looking for a 119 TP for an exit here. Trailing stop in placeTrade chiuso manualmente
TP reached. Expecting move to up to 119.73 before retrace, but took profit while on table.Nota
Red line breached.Trade attivo
RE-entered at 119.73Trade chiuso: obiettivo raggiunto
TP hit. Watching price action. Trade attivo
123, re-entered long.Nota
Stopped out. Rebought at 121Trade chiuso: stop raggiunto
Sopped at 125.5Trade attivo
Limit buy at 124 hit.Trade chiuso: stop raggiunto
Stop hitTrade attivo
Long at 121Trade chiuso manualmente
Took profit at 123.73. Setting limit buy at 122Trade attivo
Limit hit. Trade active.Trade chiuso: stop raggiunto
Big buy wall put up. Exited at 122.5.Nota
10% swing achieved. Looks like consolidation will lead to a larger diamond is forming. Will publish new idea with further price action.Nota
As expected, the larger diamond has formed. You can follow my new idea for a 15-25% swing coming out of the larger diamond.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.