ibankbitcoins

WHEN IS LTC GOING TO HIT A TOP? I BELIEVE WE ARE CLOSE

OKCOIN:LTCCNY   Litecoin / Chinese Yuan
I am not good at picking tops. I don't usually try to call it because I don't trade it. However, I believe we are close to a short term top. Sentiment is euphoric on LTC right now. So euphoric that this forum's discussion have been derailed by LTC in the last two days. Top traders on LTC futs are at 66% or higher, that is unheard of in BTC             land.

http://ibankbitcoins.com/sites/default/files/users/user1/2015-07-09_chart.png

In addition, BTC             hasn't made new high while LTC climbed and climbed the last few days. The two should go in tandem. I am just pointing out the mountain of evidence that price can't be supported forever. Market can be irrational longer than you can be solvent. Just like that trader who got margin called on the chart.


Really nice call!
Reply
Awesome!

I just logged into Tradingview, because I want to draw a chart telling the same. The exuberance in the price structure is beyond being healthy at this point.
Reply
ChartArt ChartArt
Here is my own bearish chart:



Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out