Well the ABCDE wasn't actually an ABCDE from yesterday.... Twas just a regular Symmetrical Triangle, as we can see it broke upwards and not down. I hope you all didn't take a short trade at that level yesterday!! That's why I kept my strategy at a neutral. It wasn't a safe setup in my opinion and I'm all about good risk management.
Good news though! We've finished Wave B of our correction and are grinding our way through wave C. Slowly but surely correcting down to the 0.382 Fibonacci Retracement. Yes, my target still stands. It looks spot on. It's also the 1-1 Extension for wave A which is a very common target for Wave C in a correction.
That's it for now!
I hope that you enjoyed my analysis. Please always remember that targets are not set in stone and to always practice proper risk management! Please like and comment any questions you may have below. Happy trading!!
If you would like to see how this plays out here is the link to my idea on TradingView
https://www.tradingview.com/chart/LTCUSD/Nxa8Eu0v-Grinding-Our-Way-Down-LTC/
I hope that you enjoyed my analysis. Please always remember that targets are not set in stone and to always practice proper risk management!
Feel free comment any questions or chart requests you may have below. Happy trading!
Please upvote, follow and resteem!!
If you appreciate my work, please feel free to donate !! I work very
hard to bring you the best data I can daily and bias free!!
Bitcoin - 1AzW1ki9ZXpDVBzreY9R5a1eNircQvXgvs
Litecoin - LP2D4ZLLpeYQRyuekxJLG6FLhr6WVepgea
Ethereum - 0x0d387F9f15Ff53813d51798DF41EA245aA6761A6
Bictoin Cash - LOL Btrash...
