LTC Forming Potential Diamond for 10% swing.

LTC and BTC have repeatedly formed diamond patterns that have been very accurate in predicting price action.

I'm watching LTC for another potential diamond which appears to be forming. IF it completes, measure height would be 12.15, for a 10% swing.

If it completes and breaks up, and confirms above 124.95 then TP is 137.1. If it breaks down and confirms below 112.8 then TP is 100.65.

More on the diamond here: thepatternsite.com/diamondb.html

코멘트:

A new lower has been made, but potential diamond still in play. TPs should be slightly adjusted if pattern forms. Will update price targets if pattern completes.

코멘트:

A nested diamond fractal has formed inside the larger potential diamond. An attempted breakout above 118.11 has pulled back. Upper TP would be 124.22 for the inner diamond and Lower TP 105.89

코멘트:

A nested diamond fractal has formed inside the larger potential diamond. An attempted breakout above 118.11 has pulled back. Upper TP would be 124.22 for the inner diamond and Lower TP 105.89

액티브 트레이드:

Long position entered on pullback to inner diamond trendline @115.31. Expecting at minimum a test of the inner diamond tip at 118.11.

코멘트:

Moving toward tip. Lets see if we can get a confirmation and move to the 124 TP for the inner diamond. Following trade here with a tight S/L because market conditions are ripe for a dump at any moment.

코멘트:

TIP tested and broke. Should move to 124 now.

거래청산: 스탑 닿음:

Stopped out at 118. Breakout failed.

코멘트:

Potentially, just a (sucessful) stop hunt but market is too risky to hold.

액티브 트레이드:

Long entered at 117.25, again will protect with a tight stop, and will up the stop as price moves up at the risk of being stop hunted.

거래청산: 스탑 닿음:

Stopped out at 118.75. This is fun. Not. Oh well, will rebuy another dip. with another stop. Small profits are better than none.

코멘트:

It TP1 hits of this inner diamond it will complete the larger diamond. Price still pulling back here though.

액티브 트레이드:

Long entered at 115.5. Yet another diamond has formed. Looks like bulls are trying to put in a bottom here. Still downside potential risk so tight stops are mandatory.

거래청산: 스탑 닿음:

Trailing stop hit at 116.8.

액티브 트레이드:

Re-entered at 116.05. S/L at 116 and will again trail to protect against loss.

거래청산: 스탑 닿음

코멘트:

Falling out of inner diamond. Updated Price Targets.

코멘트:

LTC Big picture TPs

코멘트:

LTC falling out of inner Diamond expect to test support at 112 and will take long position if it holds. It would indicate we are range bound for 112 to 119.73 until it decides where to go. If it breaks, price should move toward 104.27 were price action will determine next swing.

코멘트:

LTC 112 did not hold. Odds are any bounce from here would be just shorts covering. I am going to resist temptation to go long until we get down into the 100s.

액티브 트레이드:

High risk. Playing a dead cat from 111.25 expecting .5 local fib retrace for a small scalp.

매매 수동청산:

Stopped dead in tracks. Took profit at 112.99

액티브 트레이드:

Round 2 111.05 long. This is not a good idea BTW. Tight stops mandatory.

거래청산: 스탑 닿음

액티브 트레이드:

Looking for a 119 TP for an exit here. Trailing stop in place

매매 수동청산:

TP reached. Expecting move to up to 119.73 before retrace, but took profit while on table.

코멘트:

Red line breached.

액티브 트레이드:

RE-entered at 119.73

거래청산: 타겟 닿음:

TP hit. Watching price action.

액티브 트레이드:

123, re-entered long.

코멘트:

Stopped out. Rebought at 121

거래청산: 스탑 닿음:

Sopped at 125.5

액티브 트레이드:

Limit buy at 124 hit.

거래청산: 스탑 닿음:

Stop hit

액티브 트레이드:

Long at 121

매매 수동청산:

Took profit at 123.73. Setting limit buy at 122

액티브 트레이드:

Limit hit. Trade active.

거래청산: 스탑 닿음:

Big buy wall put up. Exited at 122.5.

코멘트:

10% swing achieved. Looks like consolidation will lead to a larger diamond is forming. Will publish new idea with further price action.

코멘트:

As expected, the larger diamond has formed. You can follow my new idea for a 15-25% swing coming out of the larger diamond.