Betting at the line offers an excellent risk/reward profile.

17 Mar 2018

Overall market sentiment remains bearish and BTC is struggling to maintain 8k. That said; although we're at the line, so far the channel is holding. It may seem a bit scary to some, but betting here offers an excellent risk reward ratio. The upside is extremely high with a completed 1.618 extension giving us LTC @ ~725. A break of the channel to the downside and a lower low offers a clear and nearby exit signal below ~148.