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.
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..
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you re right
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Who's laughing now? I just made mega bucks on that short. MWUAHAHAH!
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Congratz man! Now I see that your stops did survive )
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MoonTrader oleg.golubovich
No stops this time. I knew there was too much room for error. :D
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Pretty good you were able to hold the negative (upside) move properly. What do you expect next? New heights, or just ABC?
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MoonTrader oleg.golubovich
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.
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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.
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Congrats. :)
+1 Reply
MoonTrader janos666
Thanks! I hope you will all know better than to question my superior ninja analysis from now on...
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