Edit
Done deal, let's try to repeat the process, by buying and selling again at same prices, before placing a buy at 0.00000013BTC
Topic: Riding A Reverse Head N Shoulders On BTC-LTC (Read 326 times)
I spotted a Head n Shoulder pattern building up on DOGE-BTC daily chart. From the set up, buying now at the neckline 0.00000016BTC (bought at that price) is a good buy, sell at the shoulder 0.00000020BTC and wait to buy again at the neckline, selling at the shoulders from there price would likely drop below to around 0.00000013BTC Don't wait to be told, we're in for double ride for spotting this early enough!
Edit
Done deal, let's try to repeat the process, by buying and selling again at same prices, before placing a buy at 0.00000013BTC
Edit
Done deal, let's try to repeat the process, by buying and selling again at same prices, before placing a buy at 0.00000013BTC
There we're guys, a high of 0.01200750BTC was tested a short while ago, though my take profit targeted at 0.021000000BTC is still unfulfilled. Last price before press time stood at 0.01112001BTC, going to hodl till target's hit and as I see it, another buying opportunity looms around the 0.01077348BTC price level before another rally! If that happens, then we would be looking at the formation of a Head N Shoulder pattern to eventually ride the price down in the form of a market correction.
Here's the journey so far - entry and target:
Edit: And not quite long, the alert came through - the sweet test test of profit!
Here's the journey so far - entry and target:
Edit: And not quite long, the alert came through - the sweet test test of profit!
We'll remember that the trade set up above came under the Daily time frame, so days are likely to go by before things begin to add up. It's 5 days now and after an obvious bashing from king Bitcoin on almost all altcoins, Litecoin is among the first to find its bearing and what we're marking time for, is for price to close above 0.01027727BTC to confirm our ride is as good as commenced. From a low of 0.00639270BTC we have seen a high of 0.01088137BTC today, that's so much buying opportunities for those who are alert and following 
Looking at the second to last phase for the completion of a reverse Head n Shoulders formation for BTC-LTC. Entry at 0.0087999BTC is a good buy, though was able to buy some at 0.00869500 BTC Once the 0.01027727BTC is broken and retested, we can expect a rally to upward of 0.01216362BTC The name of the game is keep buying and hodling till then!
The above is a reverse Head n Shoulders formation for BTC-LTC, which is actually inline with some bullish trend being overdue for a number of altcoins. If you can see the same picture, let's ride it all the way to 0.0982962 or 0.01026132 BTC
4Hours later: Making progress - up to 0.00966148 BTC, a little push more and we'll hit target!
About 2 Hours later, TARGET was hit! Hope someone else made some money too out of this? That's how we trade guys, don't wallow in unbelief, learn and learn, it's worth it!
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