just some thoughts on ltc, ill put some more screens on the bottom. more for myself than others.
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15-20 range for around 180 days.
bottom was around similar the top distribution.
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at least on binance weve had some nice consolidaiton times, so if you were short/long in the boxes you could at least cut the breakdowns, buy the breakouts and you had time to see general ranges.
I did sell all of my ltc before the top this time, i didnt expect it to pop so fast, both in /btc and usd. perhaps i should chart the altcoin cap charts etc to check. anyway. what ive seen now of this pump and retrace, is both expected and an anomaly, why? Well it took 6 months from 015-20 before dumping for longer than 6 months total. It built in accm again in 6 months under 008, and we just had a nice pump to like 018. Nice retrace, nice slow drops you can trade or just stay out of. Compare those slow/easy moves to what was the last week+, wow, quick.
Still though, 015-02 was 6 months and down. this is the second time weve attacked this zone, I figued the top would be above 015, i sold a nice bit there, but it went to 0175, and you can see by the drop quickly how we wernt ment to stay there (other alts crashed a bit similar last couple days, I got lots of alerts but was in few.
I did sell all of my ltc before the top this time, i didnt expect it to pop so fast, both in /btc and usd. perhaps i should chart the altcoin cap charts etc to check. anyway. what ive seen now of this pump and retrace, is both expected and an anomaly, why? Well it took 6 months from 015-20 before dumping for longer than 6 months total. It built in accm again in 6 months under 008, and we just had a nice pump to like 018. Nice retrace, nice slow drops you can trade or just stay out of. Compare those slow/easy moves to what was the last week+, wow, quick.
Still though, 015-02 was 6 months and down. this is the second time weve attacked this zone, I figued the top would be above 015, i sold a nice bit there, but it went to 0175, and you can see by the drop quickly how we wernt ment to stay there (other alts crashed a bit similar last couple days, I got lots of alerts but was in few.
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worst case imo, ote short or maybe double top and distribution and ded
best case we pop 018 or so to the 025 area, and consolidate a bit, then pop that zone. I cant remember the highest it was, i think around 04 back in 2013 (maybe off, not looking at it right now). Anyway, always exciting getting a halfing pump in a (mostly) bull market.
best case we pop 018 or so to the 025 area, and consolidate a bit, then pop that zone. I cant remember the highest it was, i think around 04 back in 2013 (maybe off, not looking at it right now). Anyway, always exciting getting a halfing pump in a (mostly) bull market.
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you could see the recent btcusd move and say well btc when it broke 6k took a while near the bottom. attacked 6k a couple times after and hit almost 9k. So 018 -> 026 next stop (its an alt so add some volatility). All speculation until the highs are taken out (0175) after some consolidation.
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