BITFINEX:LTCUSD   Litecoin / Dollar
These are hard conditions to trade with traditional markets doing a major pullback alongside with bitcoin             being bearish . It's often best to stay out if unclear, however there are numerous opportunities still to take safe trades provided you use tight SLs             or buy into weakness and sell into strength.

Personally I do believe we indeed are very close to a trend reversal; hence i'm hesitant to short anything further unless btc             7.4k support level breaks. A short opportunity is only offered if price does breaks down.

It’s no surprise that blue chips typically lead the rallies during the bear markets and offer the most capital preservation safety due to higher liquidity. Thus it'll be a good idea to look into the big coins such as LTCUSD             which depending bitcoin's moves can either do a small bullish retracement to complete the short term bullish patterns and break the bearish trend resistance. Alternatively it could go for a deeper retracement if bitcoin             takes the bearish route to retest the lows. The deep retracement is likely to reset the entire cycle with a probabilistic chance of an immediate V-shaped recovery.

With a longer-term strategy it's suggested to dollar cost average once price hits the major support area and if price breaks through stop averaging in and see if price will close below either the past resistance or Weekly TDST (preference is based on how long-term you want the trade to be); if price does close below those levels - bearish continuation is likely after a retrace.

A shorter-term strategy would be to observe and buy the breakout of the downtrend and sell immediately into resistance.

Trade safe and good luck.
Bull flag will play out over the course of this weekend.

There are two follow-up possibilities:

Antworten


Hourly paints a bullish pattern; a typical bull flag with decreasing volume and the squeeze of bollinger bands being inside a keltner channel suggests a highly volatile move to be imminent
Antworten
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden