Based on the slightly higher top than expected, I have adjusted my entry zones.
LTC has been liking the 382 fibs, worth noting for future consideration.
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This is an adjustment to my previous plan posted here:
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I might have missed a scalp entry. But there will probably be more correcting early next week. So will see how Sunday goes and keep an eye on the zones.
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Perfect bounce down from weekly pivot (green) LTC is not diving like BTC just did, a very good sign. So am going to load some limit buys in my first green zone
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Per my updated TA above, I did buy some in the darker green zone. Have now sold 60% of that position, with trailing stop on rest. If it keeps going, then I will let the trailing stop protect remaining profits. If it hits my stop, I will re-evaluate at that time....
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just scooching the stop upwards.
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Trailing stop hit, trade closed. Will look at next zone, possibly for a better bounce
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Back in the zone, but I think it will break this time, so will watch next zone, or sings of reversal here with a ''double bottom'' maybe (but not likely)
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Fine tuning my next green zone:
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Approaching my next zone. Down momentum is strong. Will need to see what the 382 does.
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Watching for signs of buyers
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Looking like an ok bounce. Not convincing, but sellers look to be gone for now.
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Been watching this 382. LTC has been hitting the 382 fibs and reacting. Lets see what this one does.
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LTC has been playing the 382's lately. I think we may be bouncing here for real now.
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Well, it went a little lower than expected (dont that always?) but bounced. Now just trailing stops, or might add on dips. Planning options now....
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Bought a little at the possible wave A end, just in case that WAS the bounce. But still wary of a wave C to complete the ABC
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LTC looking break out of its cage. If it busts out soon, then it will prolly rocket, at least until Europe wakes up.
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Up Periscope please
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Argh, fake break and then drop. Typical for this time of day, around EU/UK market openings.
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. 150 test inbound. Approaching my next zone to watch. Have fined tuned the range.
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. Thinking we might get a little bounce before 150, perhaps only to fall to 150 after, or maybe turn just north of it since there will be a lot of buyers waiting there (so deny them the ride from the bottom). So I might put some limit buys in my smaller green zone
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LTC is hugging the .382's again. 148-150 ends a Crescendo of wave 5's. Cant wait to see what happens
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. This plan has worked out well for scalps. Now I am just wondering if this was THE bounce?
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. I still think a 150 test is needed. And based on those results, I might go ''all in'', or not...
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. LTC stuck at this 382 -
- if it cant break 160 today, it might need to retest 150
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LTC approaching my area of interest. I was hopping for a retest of 150. Will watch price action here.
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Fine tuned target I am watching for
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Moment of Truth
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Has LTC found the bottom? Sellers are spent if you ask me.
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