This morning we are watching consolidation across the Big 3, and seeing LTC bears with more strength and control driving the price down harder.
This has been a continued pattern for two weeks now with this correlation.
My general rule of thumb as a trader is take the strongest bull correlations bullish and the weaker correlations bearish.
There are multiple inside months on LTC showing a tightening range that will see a bigger, longer term break soon enough.
Anticipating a 4 hour higher low to form for LTC today.
We will find when the correlation shifts back to LTC bulls... but we must wait!
Currently all cash and waiting for more clear trade setups.
This has been a continued pattern for two weeks now with this correlation.
My general rule of thumb as a trader is take the strongest bull correlations bullish and the weaker correlations bearish.
There are multiple inside months on LTC showing a tightening range that will see a bigger, longer term break soon enough.
Anticipating a 4 hour higher low to form for LTC today.
We will find when the correlation shifts back to LTC bulls... but we must wait!
Currently all cash and waiting for more clear trade setups.
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.