Short LTC - Bitmex

9 Şub 2019

Retracement is in line with our expectations. LTC did a great job, but correction is needed. Why I think so:
RSI is > 85 on most on the TF.
MACD shows us a bearish sign.
Bulls are getting tired.
Less volume now.
All the good news already have been announced, not good news any more.

It should touch now the 0.382 Fib level at least.

#DYOR

10 Şub 2019

İşlem aktif

As you can see it is now 0.01189, almost there at the 0.382 area. Just a little bit.
If you want you can move your SL to 1195.
Good luck

#DYOR

10 Şub 2019

Not

RSI on the 4hr chart is almost crossing 70. When this happens then we could interpret this as a confirmation for a further correction.

0.382 fib is my first target
0.5 fib is my second target

Happy trading!

10 Şub 2019

İşlem kapandı: durdurma seviyesi

I moved SL to 0.01185. It did not even come close to 0.382 fib area. Closed the deal!