NickPadovani

LTCUSD- Volume Speaks Volumes

COINBASE:LTCUSD   莱特币/美元
In the past few days, we have seen a significant drop in volume . I believe we were trading somewhere around 1.2 mil not even a week ago? As I type this up, we're looking at about 278k on Gdax. While we've still been experiencing some pretty healthy 10-15 dollar swings, it's very clear that we're going through a slowly upward consolidation. The mess of lines drawn indicate Fib channels that we're set in, with the orange line indicating our upward support. Assuming we hug this support for the next few days, we should see some sort of test at a breakout around the 166 region. As we know, however, things don't always pan out accordingly, and there's always the possibility of us testing 170-175 come the next day or so. While I'm overall bullish , I welcome opportunity when it presents itself. I've yet to see any hard evidence pointing towards this mystical run down to the 100/80 region, but I'd never rule it out. I personally think the end of February will incite this bull rally we've been hoping for, so with some 15 days or so left until the end of the month, I could absolutely see a rally down before that happens, but we must await signals.

As far as my personal play is concerned, I'm looking to grab a flip around 169, with a buy back around 159, maybe 155 if I'm feeling bold. If you like to play the short/swing game, more power to you, as I'm all about it, but I would tread very lightly at this time, because I believe that once we break past 175, we could see some serious momentum, and we're dancing dangerously close to that area. As tempting as it is to catch every little flip, you're simply rolling the dice a lot of the times.

Trade safe and have fun!
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
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 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出