MoonTrader
Short

LTC crazy dildo FOMO about to burn out

BITFINEX:LTCUSD   Litecoin / Dollar
On the 4h chart, we can see price steadily climbing at an insane rate as volume steadily declines. Major sign of a local top for the medium term.
BuyBitcoin.WS
a year ago
might be starting as i write this http://i.imgur.com/a1JjddX.png
Reply
just when you think it can't go any higher, it does. I would be cautious about shorting. LTC is straight up FOMOing beyond all belief
Reply
MoonTrader Douglas-Squirrel
a year ago
Aaaaand it's gone!
Reply
Ouchi-ouchi.. Too early. Made the same mistake but on lower prices. TA doesn't work well enough and it's better not to short this enormous uptrend. Or do you want to provide some more fuel to the rocket? ))
Reply
MoonTrader oleg.golubovich
a year ago
Aaaaand it's gone!
Reply
oleg.golubovich MoonTrader
a year ago
Aaargh didn't expect it at this price level.. slightly higher :) Good job! BTW did you short? Did your SLs survive?
+1 Reply
MoonTrader oleg.golubovich
a year ago
Yes. No stop losses. It's important to note that this is not a classic reactionary trading model because it's an ANTICIPATORY trade, so there's no "breakdown" level. You just know things have got to turn around at some point in the near future.
Reply
MoonTrader MoonTrader
a year ago
Not gonna lie, though, I was nervous. :D
Reply
janos666
a year ago
Congrats. :)
+1 Reply
MoonTrader janos666
a year ago
Thanks! I hope you will all know better than to question my superior ninja analysis from now on...
Reply
MoonTrader
a year ago
Who's laughing now? I just made mega bucks on that short. MWUAHAHAH!
Reply
oleg.golubovich MoonTrader
a year ago
Congratz man! Now I see that your stops did survive )
Reply
MoonTrader oleg.golubovich
a year ago
No stops this time. I knew there was too much room for error. :D
Reply
oleg.golubovich MoonTrader
a year ago
Pretty good you were able to hold the negative (upside) move properly. What do you expect next? New heights, or just ABC?
Reply
MoonTrader oleg.golubovich
a year ago
I'm honestly not sure, but I don't think the correction is quite over. For every action, there is an equal and opposite reaction, and the pullback so far would be considered "healthy" even though this has proven to be anything but healthy price action. We will see a bit more downside before we find out which way it's really going.
Reply
oleg.golubovich MoonTrader
a year ago
As far as I see we can even hit ~$4 during this correction, and there is some space for a proper and very fast move up.
Reply
pitaluga
a year ago
you re right
Reply
blackswan
a year ago
my guess on correction is 2 to 3 usd range... sideways for months until it either retires into sunset just like other shitcoins or gets another life support and dies eventually..
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out