LTC Litecoin November 27 Technical Analysis Correction Target $78.28 Short Opportunity
November 27 5am update -----------LTC falls hard with BTC to $86.144 low.
Short of mine successful for $600+ profit overnight.
November 27 5am update over ---------
LTC SHORT FOR THE BRAVE
Risk to Reward Ratio 2.17:1
ENTRY PRICE = $92 TO $96
TARGET 1 = $78.28
TARGET 2 = $72.05
STOP LOSS = $100
PROBABILITY = 65%
CHAIN TO GAIN = 21%
CHANCE TO LOSE = 9.68%
TIME FRAME = 7-14 DAYS
Please always remember we trade using probability and not all trades are winners. We manage our risk with stop losses and try to win over time. Those that don't understand this, and expect only to having winning trades, will always lose money over time.
Twitter - https://twitter.com/PhilakoneCrypto
https://www.youtube.com/user/philakone1
Luna's personal bitfinex account:
LTC: LPeaZpGiF3XdCw5XPN7LXztDagTEZAMgYd
ETH : 0x2538b728f9682fc1dc2e7db8129730f661753850
BCH: 1AY2FPANCe5URB71Nvy6tkCgoTS8iHgmZD
BTC: 1PruhmsYXU2gPkNw574xZSMyBG4YW5Wnq9
EOS: 0x2538b728f9682fc1dc2e7db8129730f661753850
ETP: MTR3P7m5KwHfE1aY51ha2YAQWQhRMPm1VA
OMG Address: 0x2538b728f9682fc1dc2e7db8129730f661753850
The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.
DISCLAIMER:
I'm not a financial adviser, nor am I giving you any tips on when to buy, sell, etc. I'm simply stating my opinions and what I personally look for. Those that follow my trades blindly and don't understand risk management, will always lose over time. I manage risk differently. Not all trades are winners. We manage our risk with stop losses and win over time. Even if we've entered at a similar price, I can micro manage my risk, by shedding, adding, reducing, etc, but those calls aren't made. Therefore despite entering near the same price, I may come out well ahead while you may take a loss, even if we exit at the same price when the market goes against my call. Remember, I always profit OVER TIME, and am not focused on winning every single trade. As long as we win more than we lose over time. I want to be very clear so you understand the outcomes will always be different even if we take the same trade. I MANAGE RISK and see this game as a probability. Therefore, be forewarned. fo
Wow!!! Well done Phil, you nailed this one right one the kisser in terms of identifying the high at least. Lets see where the bottom comes in.
great job! i hope you got in.
I don't ever place short trades but I was looking for an excuse to reduce my $ltc position. I decided to dump 66% of my $ltc position at about $92 and went into $bch which looks like it's at bottom of wave 4 (I am learning a lot from you) .... :)
You are Aces Philakone! I dont know how to short yet but I did sell some LTC yesterday at 91.50, still watching your videos now... Question: Is this a Doji candle on the one day, indicating a reversal? It would be no surprise if so, after your excellent analysis: https://www.tradingview.com/x/HtAJ1gHV
Hi Phil, really enjoy watching your videos. However one question, your video explained shorting and then entry target at $78.27 or $72.05. I see you actually bought back in at 86.14. So does that mean your analysis and prediction was a little off. Any way I did short at 92.13 and re-entered at $89.94, after realising from my hunmble analyis that we would not go down to 78.28 or anywhere close to 72.05. But thanks any way man, your video was great and learn a lot from it..