LTCUSD
can see further downside into a new low to complete the correction since ATH. Upwards corrective structure similar to the related idea below.
Comment:
The structure of this bounce looks corrective so we want to see a short term uptrend for a better short entry on one of the labeled areas.
Comment:
Looks completed but might as well see another push to 51 or 53 even. Scenario is valid while trading below the high. BTC volatility is low so market will pick a direction soon TM.
Trade active:
Filled one order at 49 so its on.
Trade closed: stop reached
Comment:
Regardless of the final EW count on LTCUSD i still remain bearish on the pair. Either as an ABC 4 into new lows or a 123(45) of a new trend.
Verdict, still looking for shorts with min target back to mid 40s. Wont be updating this any more but may post a new idea in the future.
Verdict, still looking for shorts with min target back to mid 40s. Wont be updating this any more but may post a new idea in the future.
