BallsOfSteel32

BallsOfSteel32

Continuation of previous post. Falling triangle. Potential Breakout to upside. This is clearly not advice. This is for my own reference and record as a hobby trader. Dont be shy to critique. Thanks for looking!

BallsOfSteel32 Updated 

My new bit of learning today has been that a falling triangle can be either bearish or bullish depending on the case. In this instance, I see LTC in reversal, ready to test overhead resistance after breaking out of this triangle. I have shown the likely path ltc will take before it is squeezed to the upside. RSI is neutral. I am bullish on LTC and BTC long...

BallsOfSteel32 Updated 

Not sure If I took the bottom of the impulse to the top properly, or if this should even be applied at the 4 hour chart. From what I have read from news, other posters, and the current price action this is where I think we are going. .5 Fib likely will hold in my opinion. if not, .618 should be a quick bounce. RSI suggests more room too fall before finding the...

BallsOfSteel32

Third follow up. Next target and range

BallsOfSteel32

In this chart, you see we are trading in a rising narrowing wedge. Look for a break-out to the upside as the price gets squeezed upward. We will likely continue to trade in this range at least the coming few days as long as the market stays steady and there are no new developments. This is not financial advice. I am not a financial adviser. This is for my own...

BallsOfSteel32

Ltc has a strong rising support. The next few days are going to be interesting. Im not super sure, but I think we should be re-testing the nearest resistance soon. My stop loss would be at the 129.50 area. BTC LTC seems to be more balanced as the market stands. Could go either way. Would love everyones thoughts. This is not financial advice. This is...

BallsOfSteel32

I drew this chart last night to track what I thought would happen in the time leading up to christmas. I am new to trading, but have been watching the markets since the beginning. This is in no way advice. This is for my own interest. Thanks for looking!