Noobincrypt

$ltc almost time to buy

BITTREX:LTCBTC   Litecoin / Bitcoin
almost. but not yet imo . could be bottom here, but almost parabolic down, buy the parabolic down and wait, never, never, never fails. Goes down another 30% who cares, its gonna go up past the parabolic.
thats my 'investor buy' spot.
Comment: i bought some ltc spot the other day from usd, we bounced, im holidng it for now. from the above trendline sure its bs, but using the fibs we can see this is a possible reversal zone based on past extension reversal, ie between 1.27 and 1.5 from past major drop. anyway for this to be the case btcusd shouldnt make any new lows. if it does alts likely will continue down. also, ltcbtc had a large capitulation, very common for long/mid term bottoms.
fundamentals include litelayer and coinweb, supposed to be out 1 month ago today, likely delayed because of the bear. keep an eye for lots of "project updates" when alts start popping off for alt season.
some noobs really misunderstand alt season, sometimes long and everything goes up crazy (jan to april 2017 and dec/jan 2018), we also had a mini one a few months ago around may. Now i think one is coming soon, dunno if small or large, but if btc can turn around this or next week, would be nice to get 1.5 months of up for btcusd and alts."well see" tm "soon" tm.
Comment: buy zone hit, buy what you can. with all other alts.
Comment: reminder, looking at nov 2nd last year, many thought we bottomed and after the double top consolidation made a fast lower low. if that were to happen now i think we would see btc break 6k for a short time and see real, terrible, painful capitulation the likes of which wernt seen since sub 200$ btc and crashing alts. something to ponder on if btc rips downwards in coming days/weeks

Comments

why not draw a trend line using linear scale? it would indicate even lower prices...
Reply
Noobincrypt Pivotologist
@Pivotologist, i like using log scale to see more of a chart, anyway in another chart i mentioned that i use fibs on the price to see realistically where we can end up. in this case though i think you are correct, that log scale trendline should be bs in this case. anway 0122 to 0066 seems like a buy zone to me. with current near parabolic drop though I think this down trend has a counter rally sooner than later. also if ltc went anywhere near 006 I would probably sell everything I have to buy it.
Reply
drawing trend lines on log scale is not reliable imo, just bs.
+1 Reply
Could you chart XCP too please?
Reply
Noobincrypt cryptoniac90
@cryptoniac90, yah in a bit man
Reply
cryptoniac90 Noobincrypt
@Noobincrypt, Thank you appreciate your XCP chart always
Reply
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