Loopring Prepares for Round 2 (Over 70% Profits Potential)

Our last trade for Loopring (LRCBTC) generated a nice 125%+ profits for us... Imagine how happy we are to generate such great profits without doing much more than lifting a few fingers.

Let me tell you our strategy in a nutshell: Buy low to later sell high... You see how simple that is?

No complexities; keeping it simple. Simple is best.

Now I am looking at the Loopring (LRCBTC) chart once again because I am seeing the signals building up for a second round.

Let me read those signals for you for our own learning and entertainment, while you take your time to hit LIKE...
Done? Ok, let's continue.


Loopring (LRCBTC) Chart Analysis by Alan Masters

This chart is a classic and the signals are clearly marked, let's look at them:

• LRCBTC last bullish wave generated massive profits, over 180% from top to bottom, we enjoyed over 120% from this wave. The next wave is starting to take form.
  
  
• First, we have a retrace that went all the way back to 0.786 Fib. retracement. If you have been reading me lately, you know by now that altcoins (crypto-assets) tend to find support at this fib. level. If the price holds, they quickly bounce up.
  
  
• On top of the Fib. support holding, you can notice the price action going flat. First a strong decline that ended flat, followed by a green candle that has above average volume and is breaking above multiple resistances at once (Moving Averages). These are a bunch of bullish signals all in one place.
  
  
• The TD Sequential started a new positive count.
  
  
• The RSI is bullish and trending up.
  
  
• The MACD is starting to curve up.
  
  
• These are some of the early signals I look for and they are very pronounced here.
  
  
• Then we have the cycles, waves down, wave up, wave down, wave up... We just completed a strong wave down, what follows is a wave up.
  
  
• With all the above said, signals can still get invalidated, so make sure to have a plan/strategy/trade if you decide to trade this altcoin and always use a stop loss.
  

If you enjoyed this post, learned something or simply want to show your support, you can do so by leaving a comment, hitting LIKE and send me what I always send you... A BUNCH OF LOVE!

Namaste.

Previous Loopring (LRCBTC) trade which generated 120%+ profits:

Comment:

Patience is key...

P.S. This is not a piece of trade advice. My trades contain buy-in, targets, stop-loss and additional relevant information that can be used for trading.

Namaste.