mciche2
Long

LTC/USD Litecoin Noob Chart: Feedback please!!!!

COINBASE:LTCUSD   Litecoin / Dollar
Hi Everyone, it looks to me like LTC/USD is completing a falling wedge pattern after a large uptrend ( bullish combination). This seems like a very good buy zone especially considering that the price has fallen down to, and is hovering, at the 61.8% golden fibonacci retracement ratio. I am a noob so don't trade solely on my advice!!!!!

Buy:
Once a 4hr candle closes above the trend line , probably $235-$240 if it breaks
Significant volume increase. Suggestion is shown with a black line in the volume indicator window.

Target 1:
$365 - Height of wedge

Stop-Loss:
$160 - Apprx level of next lower fib retracement with cushion

Feedback from experienced traders is much appreciated!

Kommentar: I posted an update to this chart here:
Kommentar:
Thanks for posting. Im a noob too haha.

Just wondering how much you think u could make from 10k in a month? As a noob
Antworten
mciche2 PB604
@PB604, as a noob, I wouldn't be playing with anywhere near 10k :) i honestly wouldn't feel comfortable making a recommendation, other than to educate yourself as much as possible and test your picks with small amounts or with a simulator :P
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