waiting a while for this damned pivot... It is beggin for a move up. BTC is looking a little more bullish and LTC and tracking closely at the moment, might give LTC some momentum and stop it dragging itself along.
mattoford
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@JN9797, I agree since without new hights LTC is still "down trending"
JN9797
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@mattoford, yup - downtrending still... GDAX Depth charts look shit for 2 days. consistently favoring the bears. No change there...
@mattoford, the GDAX exchange is the pro exchange ran by coinbase.
mattoford
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@JN9797, Oh hey that actually helps a lot I have it pulled up now. Thanks.
JN9797
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@mattoford, Mauch of the time LTC and ETH track BTC almost trade for trade. Look at a tight 1 minute view of each of them right now and you will see they are 90% identical. Then on occasion there will be divergence (like the 24 hours comparing ETH with BTC before midday GMT today.. The relationship broke down completey... But then they sync up again.
mattoford
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@JN9797, Funny you describe it that way because when I first started trading I was scalping forex (unsuccessfully) the markets would function exactly like that with the EUR/USD. I trade /ES with NADEX every day now almost exclusively... forex was a not for me haha