LTC/BTC TA Update (Another Nosedive?)LTC/BTC
LTC broke bearish after the support failed at 5980 sats level and the price plummeted to 5500 sats area.
Litecoin is currently holding the last bull defense of downward trend-line support,
if this key line support also fails, I can see another nosedive to 5000 sats price target.
Though RSI is at an extreme level of oversold, we may see a temporary relief bounce right here.
Ltcusdshort
LTC/BTC TA Update (Bears in Control again?)LTC/BTC
After LTC went on a short rally up to 745 sats, it has been in a heavy pullback and price broke below 50 MA and 100 Day MA again.
Bears are trying to control the market but LTC Bulls has 1 more hope to prove themselves.
The price slowly approaching key support or may retest previous swing Low.
I hope the Bulls will show up soon otherwise, LTC will be in deep trouble.
Litecoin (LTCUSD) Market Outlook | Daily Crypto Market BreakdownLitecoin is looking really good. I am really curious to see how this next week plays out. I still feel BTC dominance will keep falling allowing Alt-coins to freely move less influenced by BTC. I still really would love to see LTC come down to $25-$30.
SHORT LTCUSD BCHUSD both pave way for BTC continuation
$73.70 TP1
$77.30 TP2
60.55 STOP
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AND altseason wraps up as BCH, XLM, LTC kick off into what will follow: a healthy BTCUSD consolidation; before encountering next major resistance at $9642.
With that being said keep your stop loss is set at all times keep your eye on your portfolio and do not get greedy just because there are ample opportunities to take profit does not mean you need all of them remember it is better to miss out on potential profits going to lose actual assets.
Disclaimer
Not financial advise
-@a1mTarabichi
BEAR MARKET IS OVER?! 0.0063 or 0.0042?Let me ask you a simple question. Why are you here? I mean, what is your ultimate goal in crypto?
Money / Technology / Meme?
Money? Then, Who is the richest person you know in crypto AROUND YOU? I can hear you, it is so hard to measure it on TV BUT AT LEAST you can calculate his winning rate / accuracy on his latest 5 - 10 charts?
( On twitter, It is a bit easier to understand who is winner - Winning rate / Life style / Trading size - SHOW ME THE MONEY! )
Did you also know? You Are The Average Of The Five Crypto Traders You Follow The Most Time With.
That's why, If you want to learn something from other people on social media. You should be so picky who to follow! Go calculate his / her last calls, and figure it out!
I am so confident on my tradingview / twitter calls since 2016.
Why am I talking this ? Because, so many people are blindly following wrong traders / wrong trades over and over for years.
If you are not making money from crypto, YOU HAVE THINK carefully! What are you doing wrong for days / weeks / months perhaps years?
I know you are also expecting me to talk about Litecoin!
Ok, Charlie Lee said on Dec 17, 2017 at 2.51 pm : Ok, sorry to spoil the party, but I need to reign in the excitement a bit. Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy!
On Dec 2017 at 3.15pm : Not saying it will drop that low, but investors need to be able to withstand that big of a drop . It will shake people out otherwise.
Every pump I've seen has been followed by a bear cycle. The market needs time to consolidate. That's just my experience from 6+ years of watching this space. How low and how long it will be is unclear. But people need to be aware of this possibility.
if you are in crypto after 2017, You have to read twitter.com before start to trade / invest it.
---- It has been almost 2 years since he tweeted this! That's why I pointed out the bear market would be over between Sep 2 and Nov 4,2019 on my
bitcoin tradingview post (Over 24,000 views - in March 2019) . I have been saying it for weeks on my twitter account as well. Since then, I set 14 bitcoins buy orders on alts.
The risk / reward ratio is great at around 0.0063 BTC!
If It doesn't hold - welcome to the darkest side of crypto - 0.0042 BTC
Target? The chart speaks itself!
Protip : Copy those who are already successful in your eyes!