LTC.. just waiting for some bargain prices. Long

Litecoin / United States DollarCoinbase

Description

⋅ Jun 10, 2019 6:37 PM

nah... I don't like these prices... I want them to go lower, then maybe ill consider buying this.

watch the news cycle carefully... there exists hype now... ask yourself why that is?

SM has accumulated large positions during the last 12+ months as they shook out all the weak hand holders (myself included).

clear path for them to mark up prices and take profits.

This is readable through volume.

GL

Comments

dee718

⋅ Jun 11, 2019 2:46 PM

ahh...
I see on the 8th the test on low volume (Saturday).. then, Sundays profit taking facilitated it tearing through that level... interesting...

trademaster1969

⋅ Jun 11, 2019 2:31 PM

LOL The Sunday fake pumps with micro volume.So typical. If I didn't know better there is a monthly maker taker bot program on several systems that are triggering the market to create fake breakouts and FUD dumps, etc. Looking at the charts every week 4am - 6am thereabouts the dump occurs just after Sunday, consolidation Tuesday Wednesday, Pumps Thurs-Friday, manipulation Saturday, fake pumps back to Sunday.

dee718

⋅ Jun 11, 2019 2:37 PM

@trademaster1969, ill have to pay more attention to ho wthe sessions break down. At least with Forex or stocks there are consistent times of day where there is more volume/activity present. Ive been trying to narrrow down if there was any time patterns as well... great stuff, pretty big clue for sure!

dee718

⋅ Jun 11, 2019 2:41 PM

@trademaster1969, what time zone has this lined up with. GMT?
Thanks again!

dee718

⋅ Jun 11, 2019 2:49 PM

@trademaster1969, and there wasnt any buying present in the early morning sunday session... yep..back to pattern recognition practice.. will follow up..

thanks again

dee718

⋅ Jun 10, 2019 6:38 PM

.. and if it runs off from here and im not in it... so what... ill just have to wait for another set-up and not lose money!

Don't chase !!!

trademaster1969

⋅ Jun 10, 2019 7:10 PM

@dee718, I think we will see a pullback in the next couple of days around 118 demand zone, sub 120s

dee718

⋅ Jun 10, 2019 7:14 PM

@trademaster1969, yes... I feel that what you are saying is definitely the place to start looking for potential longs... but right now I think i would be chasing at these prices! but absolutely, the range you are suggesting is in the vicinity of where my alerts are set...
Thanks TM1969!

trademaster1969

⋅ Jun 10, 2019 7:20 PM

@dee718, Fomoization has spun the upside on an early market entry. Anytime there is a big green candle and weak volume are key indicators of engulfing pullback. Billionaire pump clubs on the hunt for FOMO dumb money. We may see it climb a little higher as many are thinking this week is 10K for BTC instead of seeing how overbought LTC is.

dee718

⋅ Jun 10, 2019 8:46 PM

@trademaster1969, The volume is a dead give away.. but yea, Smart money/institutions know exactly what us retail will tend to do.. FOMO buy high and FUD sell low. .. very fun!