Short term LTCBTC day trade

Bullish div MACD-H and EFI

Target: +0.7 ATR

Entry: 0.012834
Target: 0.012980

SL: 0.012750


R/R: 1:2.8


Exact entry need to be tried on short term timeframe

Comentário:

Timing the entry was done by putting a buy order in the value zone (between EMA's on the 10min chart)

Entries were done at 0.012830 and most of them at 0.012820. Patience is key.
The 12830 was a sloppy entry by buying too soon.

Comentário:

Trade fechado manualmente:

This trade became divergence hell. I was stuck in this trade all day, and eventually I got out break-even. I Experienced a continuation pattern of bullish divergences, unbelievable. Everytime I thought to stick around for a bit longer, but in the mean time we went lower and lower. Very weird. 6 Divergences, but no strong upward movements.

Comentário:

The behaviour of LTCBTC is very, very weird. It seems to jump up and down a lot, and this in combination with these 6 divergences, I have the feeling there is some manipulative work being done here. I stay away from LTCBTC trading pairs for a while.