Delusional Lisk Moon Dreams Lisk might face some resistance with this potential rising wedge so depending on your risk tolerance you could try trading it. I doubt I will try to trade any highs because I am completely consumed by moon dreams. I am all or nothing going to take profit at 0.003 and then 0.0045.
I got fucking rekt on cripple with a margin long and in true market autism, traders bought the rumor and sold the news, leaving delusional margin longed moon autists like me, bag holding just in time for xrp to dump harder than someone with chronic diarrhea, liquidating us all. I didn't practice any risk management, didn't use a stop loss and was absolutely shrouded by moon dreams and hype; the end result being fucking rekt RIP. I then closed at the bottom and now thats all said and done ripple might moon for I have bought high and sold low and the whales have successfully taken my btc but i am fucking done with that coin, on to alternative moon dreams now.
So after that background information we can conclude that I am chasing profits but this time trying a more long term buy and hold strategy for these meme coins. As far as I know you cant margin trade lsk like you can bts or ltc which might be a blessing in disguise for me as I am prone to full margin long induced REKT and then venting my frustrations at the expense of everyone in the trading view cryptocurrencies chat.
I am full margin long with bts and ltc and its only my delusional moon dreams keeping me from getting rekt whereas with lisk I cant margin long so I can just HODL indefinitely until it reaches ath at least which I would say has a good chance of occurring because the SDK and rebranding are coming out supposedly in q4. Also lsk is very well funded, has a HQ in the business district of Berlin and is one of the most transparent alt coins ive seen in crypto. I can only see lisk dumping to the lower green lines if LSK is hit with very bad news either before or after SDK. If that should happen depending on the news and the state of crypto and BTC, I would most likely sell my rusty shit car and buy lisk depending on how bts and ltc care going . LTC BTS LSK are my current longs and now I am now 100% in alts. Hopefully I can make back my life savings and get out of REKT status. Good luck and do your own due diligence. Dont trust my trades because im a shit trader. I wonder if I lose everything by next year and am back working for minimum wage.
Hype
Gartner hype cycleSee chart for explanation.
www.gartner.com
Bitcoin rally could void the chart, but I am considering going in long with a large position here.
ETHEUR bullish channelTwo bullish channels spotted (short and long term), major resistant level is at 200 and 220. I'm sure eth will test 230 level - if it holds that would be our new resistance point. 300 is near guys!
ETHBTC Long termDisclaimer: I am a bitcoin maximalist so i may be biased. Also, the market can stay irrational longer than you can stay solvent. Etc.
Anyway. At first glance the blue breakout looks solid since the candle on breakout has alot of volume. However a candle with alot of volume can also signal that buyers/bulls are getting exhausted.
The price behaved somewhat similar back in may 2016, followed by a big red candle.
The important thing here is to zoom in on smaller time frames to see if a top of sorts is forming. I may update this idea later with such a chart. End of the day if ETH experiences a similar glut marked with the pink channel, it will be interested to see where it finds a bottom. a new low versus the previous glut would be pretty bad. Im following this until end of summer. Have a nice day.
SNAP: Dont Follow the HypeYou dont have to be a genius to know there are better places to put your money. Investing in SNAP without any knowledge is simply gambling. We have the casino for that. Technical already pointing to the downside and the first move up was from the hype around SNAP. But looking at how profitable SNAP is, it isnt. A company can be good, but that doesn't mean the stock will be good. This is a simple 5 wave structure for the stock based on the IPO of $17 being future support. The support will bring price up to around $24, previous support now new resistance. From there we might see price go a little higher to attract late buyers. Then we will see this stock falls to new low.