Confluence occurs when several technical indicators give the same trade signal. Price is at 50 sma and in between a black 38.3% to 61.8% fib. Long take profit range in between 2 fibs at -27.2% Short take profit range in between 100 sma & a 50% red fib & 127.2% black fib
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Confluence Trade 30m chart - I will enter on an open/close 30m candle below the 50% fib.
@MS3IV, Well, Charlie Lee the creator of LTC just announced on twitter that he sold all of his LTC for some goofy reason. I don't know why he would say that publicly. People are going to likely react the same way you and I are feeling upon hearing that news.
sonoferik
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@sonoferik, I'm probably about to sell a fair share of mine so the price will probably sky rocket after giving the history of seeing that happen after I sell a coin.
Arvin_Darred
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@sonoferik, haha i feel you on that one brother. However i would drop LTC asap. Charlie sold his coins and he sold them at the top. This one aint coming back up. He even said it himself a few weeks back. Buying LTC is risky, it may drop down to $20. Then he sold his coins. Same day BCH is listed on Coinbase. Too many coincidences to say thats just "conflict of interest" hes long gone.
sonoferik
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@Arvin_Darred, Yeah they're gone. Looks like I'll have some cash on hand to go on a shopping spree if this correction drops further. Bought the LTC at $65 so it's a win either way. Rather Hodl a coin I have confidence in. Sleep better that way. Thanks for the heads up. I've been tracking all that too but it's nice to know I'm not the only one thinking it.
Arvin_Darred
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@sonoferik, Precisely! I rode it up from $90. Sold at $314 the day before yesterday. Ive been HODLing BCH since the 1000 level, paying off real well right now. Monero has been a dream. NEO looks very promising too. I missed the train on dash. I had 10 back when it was only $100. :'( So sad. lol. Cant win em all. But its better to mitigate risk and preserve capital at all costs. When the leader of a coin takes flight, you should probably pack up too.
212mmb
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@Arvin_Darred, do you know he gave most to charity? to me it's a smart move, and he already has plenty of money from Google and Bitcoin
MS3IV
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@212mmb, I think that's bs. Show us which "charities".