Dear crypto friends! I wanna save this here for all eternity, for everyone who might still be skeptical about Technical Analysis:
Litecoin just made a 20R-Win since our latest analysis.
=> What does it mean?
If you got triggered into the trade with the break of $61,5, you had a clear Stop Loss underneath the 4H Higher Lows at $60 psychological, which was around 2%. With the wicks we have now reached $85 - 40% profit up until here, which is basically 20x your risk.
Let's put numbers in here: If your account size is $40,000, you just had to risk $800 (which is a perfectly fine ratio for a single trade, esp. with a high probability like this one) to make $16,000.
=> This is insane! Insanely beautiful TA. And the trade is still not finished, as we could go to $100 after consolidation.
This was probably the clearest & best trade this year so far, congratulations if you played this!
Give it a thumbs-up if you had some value, so other people can see this too. If you didn't see this coming, make sure to follow me, as we had talked exactly about this scenario, which I have linked underneath.