Now that the price reached the PnF objective zone and is touching the supply line of the down-trend channel, is possible to open a short position and wait the price to re test the las low area.
these are some probable setups for litecoin, at the moment I'm neutral but if there's a backup and test of the backup we can open a long position with low risk.
After some time of accumulation price is making higher highs, price broke the last high and the backed up to test it again, its a good place to open a long position with low risk.
So after a couple of last sells, I bought bitcoin at the very bottom of the trading range at 60,000 price has been giving some bullish signals and once again price has returned to the trading range as soon as it reached the 60k zone
bitcoin is having some weird bullish signals, maybe is not that crazy to think on selling now
ok, after a crazy week, finally we are seeing institution's activity, at this point we can just wait and analyze what are they doing. buying? selling? I still have my short positions, but right now is risky to make a decision, it's been a rush so it's difficult to think clearly after huge profits. DO NOT trust the news, don't trust indicators, just try to read...
LTCUSDT has been accumulating for a while if the analysis is correct, we are now in the las phase of the accumulation
USDMXN Sell False breakout/low volume test