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
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
ملاحظة
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.ملاحظة
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 105.89ملاحظة
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 105.89تم فتح الصفقة
Long position entered on pullback to inner diamond trendline @115.31. Expecting at minimum a test of the inner diamond tip at 118.11.ملاحظة
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.ملاحظة
TIP tested and broke. Should move to 124 now. أغلقت الصفقة: تم الوصول لوقف الخسارة
Stopped out at 118. Breakout failed.ملاحظة
Potentially, just a (sucessful) stop hunt but market is too risky to hold.تم فتح الصفقة
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.أغلقت الصفقة: تم الوصول لوقف الخسارة
Stopped out at 118.75. This is fun. Not. Oh well, will rebuy another dip. with another stop. Small profits are better than none.ملاحظة
It TP1 hits of this inner diamond it will complete the larger diamond. Price still pulling back here though.تم فتح الصفقة
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.أغلقت الصفقة: تم الوصول لوقف الخسارة
Trailing stop hit at 116.8.تم فتح الصفقة
Re-entered at 116.05. S/L at 116 and will again trail to protect against loss.أغلقت الصفقة: تم الوصول لوقف الخسارة
ملاحظة
Falling out of inner diamond. Updated Price Targets. ملاحظة
LTC Big picture TPsملاحظة
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.ملاحظة
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. تم فتح الصفقة
High risk. Playing a dead cat from 111.25 expecting .5 local fib retrace for a small scalp.تم إغلاق الصفقة يدويًا
Stopped dead in tracks. Took profit at 112.99تم فتح الصفقة
Round 2 111.05 long. This is not a good idea BTW. Tight stops mandatory.أغلقت الصفقة: تم الوصول لوقف الخسارة
تم فتح الصفقة
Looking for a 119 TP for an exit here. Trailing stop in placeتم إغلاق الصفقة يدويًا
TP reached. Expecting move to up to 119.73 before retrace, but took profit while on table.ملاحظة
Red line breached.تم فتح الصفقة
RE-entered at 119.73أغلقت الصفقة: تم الوصول للهدف
TP hit. Watching price action. تم فتح الصفقة
123, re-entered long.ملاحظة
Stopped out. Rebought at 121أغلقت الصفقة: تم الوصول لوقف الخسارة
Sopped at 125.5تم فتح الصفقة
Limit buy at 124 hit.أغلقت الصفقة: تم الوصول لوقف الخسارة
Stop hitتم فتح الصفقة
Long at 121تم إغلاق الصفقة يدويًا
Took profit at 123.73. Setting limit buy at 122تم فتح الصفقة
Limit hit. Trade active.أغلقت الصفقة: تم الوصول لوقف الخسارة
Big buy wall put up. Exited at 122.5.ملاحظة
10% swing achieved. Looks like consolidation will lead to a larger diamond is forming. Will publish new idea with further price action.ملاحظة
As expected, the larger diamond has formed. You can follow my new idea for a 15-25% swing coming out of the larger diamond.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.