Hello Friends, Traders and Interested,
a few minutes ago I posted an update for BTC. Due to this important Point for all coins, I will give you a short view on LTC ( a Little bit my favourite coin). Okay, into the Chart.
As you can see in the Chart, LTC left the pink downtrend channel ( confirmed, because the candle closed with the Body above the line,...
A quick important advice for the newcomers in trading: Many Traders do the mistake to go long or short just in the moment when the actual price crosses the line. That is dangerous, cause the break of a line is just confirmed , when the BODY of the candle closes completly above or down a trend line, if just the pole crosses, it is NOT confirmed.
Okay, back to the Chart. As said above, we left the downtrend channel. Now we have to wait if we will cross the next resistance levels, marked in my Chart. If this will happen powerful, Bulls are back.
As always, no trading advice, just educational.
Trade on your own risk and trade safe.
Yours Sascha
A like and follow makes me happy.
a few minutes ago I posted an update for BTC. Due to this important Point for all coins, I will give you a short view on LTC ( a Little bit my favourite coin). Okay, into the Chart.
As you can see in the Chart, LTC left the pink downtrend channel ( confirmed, because the candle closed with the Body above the line,...
A quick important advice for the newcomers in trading: Many Traders do the mistake to go long or short just in the moment when the actual price crosses the line. That is dangerous, cause the break of a line is just confirmed , when the BODY of the candle closes completly above or down a trend line, if just the pole crosses, it is NOT confirmed.
Okay, back to the Chart. As said above, we left the downtrend channel. Now we have to wait if we will cross the next resistance levels, marked in my Chart. If this will happen powerful, Bulls are back.
As always, no trading advice, just educational.
Trade on your own risk and trade safe.
Yours Sascha
A like and follow makes me happy.