The market is giving confirmation of uptrend continuation. 1) The price and MACD both are signaling of potential Bullish Hidden Divergence which is confirming uptrend continuation. 2) The Ascending Triangle and The Symmetrical Triangle both patterns are considered as continuation patterns.
These two signals are giving us confirmation for further upward movement. Buy orders should set above 73 resistance level. Stop loss should be set below our support level at 69. It's very important to learn wise money management and that's why I'm usually adding partial profit targets. This gives chance to lock up some of the profits if the price decides to turn bearish. It's important to adjust to the sails of the price movement and see where the price might be heading to. Being impulsive without having knowledge behind your trades can cause tremendous money losses. Before you take any trades I truly recommend to read books and check tutorial videos.
Even overall crypto markets seems super bullish, but it's important to be patient and not to rush in to something that's rising quite a lot. Instead take patience, wait for dips and great trade opportunities. There are usually plenty. This is kind reminder to you all.
Trading information: Buy: above 73 level Partial profit: 76 level Main profit: 78 and around 90 level Stop-loss: 69 level
Things to remember:
To trade safely we need to use stop losses in case something goes wrong.
Note this is a long term trade! Requires patience and flexibility to adjust the sails of the market movement.
Always be aware of things, trends and events what's happening around the current crypto you are trading. They may have big impact on the price movement!
It's better to wait than to regret. This is important when you are doing long term investments! Knowledge behind of your trades gives you success, more often!
Any questions or need help? Feel free to leave comments and feedback! Yarr!
交易开始
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The price broke out of the pattern
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Partial profit target hit! Seems like the price is forming new support area to our previous resistance line.
Thank you for your superb advice! I think maybe dropping an article on how to implement the stop loss inside of bittrex (just because this seems to be the exchange known by the majority, would be awesome! Do you do shorter term and mid term signals? Wish you a Happy Thanksgiving day and happy holidays
Thank you sincerely. Virgil
yarr
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@vnelson69, Thank you very much and happy vacations! I barely do any short term signals, most of the times they are mid and long ones :)
vnelson69
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@yarr Hey again! Wanted to come back by you and find out what you feel about the current run of LTC and maybe get your input on a nice entry point moving forward...Or maybe its best to wait for a correction? Anyways if you get a moment awsome! and Happy Holidays! Virgil
icedog
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are there any books you recommend for a primer in the basics? nice chart and notations, very cool.
yarr
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@icedog, There are actually great websites that are offering lessons for free and introducing to lessons for different level / skilled persons. :) Baby bibs and investopedia are way to go :)
mkmullin
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I think you're taking profit way too early on LTC here... It's going to blow past $80 in the next 24 hours alone. Not not mention the rally it will be making into 2018.
mkmullin
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@mkmullin, I see no reason why it won't hit it's ATH around $100. I have been in LTC since $17, sold at $90, then in again at $30, then more at $50. I have my sell point at around $120 this time around.
Thank you sincerely. Virgil