profghibli

LTCUSD potential leading diagonal wave 1 setup

Long
profghibli Mis à jour   
BITFINEX:LTCUSD   Litecoin
LONG setup for LTCUSD:

Entry at $54.5, (confluence of 0.618*A = C as well as 0.618 retracement of the whole leading diagonal)
Stop at $47.1 (under last low, would deny the diagonal being wave 1)
Targets = $73 (wave1 = wave3) and $84 (1.618*wave1 = wave3)
Transaction en cours
Commentaire:
Likely there is still 1 more small wave (5th of C) down ahead, so if you want to enter this trade but haven't yet, a buy limit at $51 (with stop at $47.1 and T1 = $68 and T2 = $80) would be perfect entry.
Commentaire:
As predicted, today was another opportunity to get in at $51 (lowest point was around $50.4 or so), thought it is still possible there will be another small wave down while still keeping the main count intact, it is not likely anymore.
Commentaire:
Insane pump on USDT exchanges. Is this a little spook or Tether really going to 0? Either way, I don't have any plans to change anything as my collateral is all in crypto anyway and I have a long vs USDT (this LTCUSDT long).

A bit of insight: twitter.com/CarpeNoc.../1051718693833437184
Commentaire:
Ouch, got hit really close to the stop. But no fretting, letting it play out.
Trade fermée: ordre d’arrêt atteint:
TAKE DOWN
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