BarclayJames
Short

LTCUSD + BTCUSD Dining in Hell

BTCE:LTCUSD   Litecoin / U.S. Dollar
I did this chart back in Feb as a quick snapshot to another chart and received the usual fan mail from LTC community. Now I think we can all see the fallibility of this rampant crypto-speculation. I doubt we are stopping at 9k BTC , probably we won't stop at 8K. With every 1000 dollars we descend we meet a new buy-in range where people faithfully invested their money as they had been told to do on a raft of Youtube and Twitter channels. This will set off a panic, a real panic that will drive prices below 5k. Expect months of bear market, real bear market. This downtrend has been bullish imo . 20k will be in 2019.

Best of luck, and always listen to cycnics as much as optimists!
Comment: LTCUSD is being propped up by the 200 dMA. With no sign of any bounce, this will fail imo. Long-term LTC target is 20 USD, just like Charlie Lee said.
r8, also i think there is a correlation function in tradingview
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BarclayJames bricoleurs
@bricoleurs, I'm just a common pleb with limited user features ;)
+1 Reply
Doc-al-Citadel BarclayJames
@BarclayJames, yeah, oops :panic:
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BarclayJames Doc-al-Citadel
@qdoc, sky is falling
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Doc-al-Citadel BarclayJames
@BarclayJames, yeah, cheap eth love it. Ideally want 2 figs in the summer...
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BarclayJames Doc-al-Citadel
@qdoc, I think ETH < 100 is unlikely, but who knows. It will go very low still, the crash today was really something.
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Doc-al-Citadel BarclayJames
@BarclayJames, yeah i'm thinking about bypassing the cashening and going all in for the flippening. Just need to find satanoshi's number. Need to kick that mofo's ass.
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BarclayJames Doc-al-Citadel
@qdoc, mate I think we are better off in fiat for the foreseeable. Just my opinion tra lalala ;)
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Doc-al-Citadel BarclayJames
@BarclayJames, yes matey no advice. Well i'll have too much fiat in a month or three so might work out god willing. I think this might be the eth bottom tho, i mean not right now but soonish. Chickun and big chickun might be getting barbecued tho... NOT TRADING ADVICE
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bricoleurs BarclayJames
:-), it is a free indicator: correlation coefficient

btw: when i bought the pro-package, i had thought that 5 indicators per chart is absolutely necessary to be a good trader...but it turned out that i was wrong: understanding an indicator is much more important

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