Our previous Litecoin trade was stopped out for -1R, Here is a new trade for long reentry.
Resistance and Support shown.
Sean Vengan 10+ Years Professional Trader and Trading Educator
REALITIES IN TRADING: In trading, there are Winners and Losers. Accept it. If you can't you shouldn't be trading. We protect our capital with stop losses. Our winning trades eat up our losing trades, with the goal, over a series of trades, to be NET POSITIVE. Ignore newbies who are uneducated in trading & investing and say "You were so wrong" (we as traders know, a loss is insignificant over a number of trades). Each trade posted is YOUR FREE CHOICE, YOUR RISK MANAGEMENT and YOUR RESPONSIBILITY. Always factor in "WHAT IF I LOSE MONEY ????"
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY 1. If you don't agree with my views or analysis and looking to just be mischievous, it's very simple, FOLLOW SOMEONE ELSE 2. I am not here to give you financial advice and if you take a trade it is YOUR FULL RESPONSIBILITY, not mine. 3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service. 4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit. 5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis. 6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to. 7. If I provide and give up MY VALUABLE TIME providing analysis to you please respect that I am providing it FREE of charge. Appreciate it and don't take it for granted. 8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply. 9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned. 10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience. 11. I have no issue with you expressing your opinion or disagreeing with my views but please DON'T DISRESPECT me or other traders or write personal comments, this is offensive. 12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.
Hi, The market is bullish... cryptos are sending good vibes.... ppl have come out of the negative fears... money is flowing in again... still Ether and LTC, which are the next best giants after BTC is not moving even a bit. What goes up one day comes down the next day. This has been happening for a while now. We never see this kind of pattern or behaviour in all the top stocks at the same time. Is there anything to explain this. I would be happy to see your reply on the same. WHEN and WHAT do you think will really kick start the bullish trend again?
UnknownUnicorn1063189
⋅
@girishgopinath, My only comment is that the Bitcoin market is extended as shown by all my analysis.
You, of course, are entitled to your opinion as above that: "The market is bullish... cryptos are sending good vibes."
girishgopinath
⋅
@SEAN_VENGAN, Thanks a lot for replying. Now I got where I am wrong. I am new to these kinds of graphs and investment analysis. Your inputs are really of value to me. Thanks again.
UnknownUnicorn1063189
⋅
@girishgopinath, Your welcome I will soon which will make it clearer for you
monguilhot
⋅
@girishgopinath, Sorry to invade SEAN post. But its simple, to enter in the CRYPTO party, you most need to buy BTC. Yes, you can buy XRP and ETH in some places, but BTC is the "name", and to trade all of 1000 cryptocoins you will need BTC to start dancing.
girishgopinath
⋅
@monguilhot, I totally agree. Thats why Ether took the hit when ICOs were banned. But if people are buying BTC for buying other altcoins, they would ideally do the transfer immediately. This is not the case since its not affecting the altcoins yet. So maybe ppl are just buying and holding BTC as such for the free BTG. Please correct me if I am wrong.
monguilhot
⋅
@girishgopinath, That was the last moviment... No NEW FIAT money from experienced investors, just holding to get BTG. Personally, I had made some money with that FORK. But now, like everyone I had sold ALL my BTG, its time to ALTCOINS recovery... the market is open with great opportunities
nueijeel
⋅
Hi Sean, thanks for sharing your insight.
I would love to join your Telegram or Slack group as well. As always, appreciate your contribution to the community :)
Hi Sean! Love your work. Do you hink technical analasys works better crypto/usd rather than alt/btc? Because you have to consider only one part being volatile?