BTC LTC Heading down in channel. Wait for it to break pattern.
There is a channel that is established in BTC/LTC trading pair. We are staying in the channels nicely. When we break up or down it seems to jump right into another one. The exception is a quick pop once it breaks the channels up (in this case) or down.
Watching the MFI and RSI there seems to be smaller trades for day traders signaled by one or the other, but what I am looking for is BOTH of the indicators to drop to underbought and buy when it resenters normal trading zone. Once both RSI and MFI do that, likely I will be looking for it to swing the other way and be selling once they both signal overbought and wait for both to reenter normal trading zone.
There are also supports at different prices that BTC/LTC have been bouncing around between and are signaled in blue dotted lines.
This chart is Bittrex? I keep trying to get it to load Coinbase's BTC/LTC but it keeps loading this one...so if you are Coinbase like me, understand it might be slightly higher by a point or so. Anyone got a fix for this?
-buy low, sell high as a kite
Watching the MFI and RSI there seems to be smaller trades for day traders signaled by one or the other, but what I am looking for is BOTH of the indicators to drop to underbought and buy when it resenters normal trading zone. Once both RSI and MFI do that, likely I will be looking for it to swing the other way and be selling once they both signal overbought and wait for both to reenter normal trading zone.
There are also supports at different prices that BTC/LTC have been bouncing around between and are signaled in blue dotted lines.
This chart is Bittrex? I keep trying to get it to load Coinbase's BTC/LTC but it keeps loading this one...so if you are Coinbase like me, understand it might be slightly higher by a point or so. Anyone got a fix for this?
-buy low, sell high as a kite