Quick update from D4rkEnergY. I know Christmas is over, but D4 will keep giving you presents!
- 2h LTCBTC - Long - Descending wedge - Wait for breakout and confirmation - Bullish candle and good volume
You are welcome, guys!
D4 loves you! <3
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Just to be clear! The trade is NOT active yet. We are always waiting for confirmation!
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Update. We are still waiting for confirmation, guys. Remember that LTCBTC follows the BTCUSD chart. When Bitcoin goes up, Litecoin goes up. When Bitcoin goes down Litecoin goes down.
People were asking about confirmation.
We usually want a nice big green Marubozu candle penetrating the upper downtrendline. And also remember to take a look at the volume bar. We want a bar more than the MA20 volume at least.
Thx for following D4!
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As you can see, the bears are taking over for a time. This is expected. Look to your left, when we had the last uptrend. The exact same pattern.
We are in a zone of confluence resistance and support. We are hoping, that the bulls can stay strong, so we can make a bull flag, which will let us go even higher.
We can even allow the bears to win back terrain over time, cause that will let us make come through via the inverse HS pattern.
Again. Remember to put a stop loss if u haven't already done it.
You could easily make a risk/reward-reward ratio 5-1, which means we only have to be good 1 time out 5 to break even.