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TradingMula
Sep 18, 2017 2:20 AM

Buying Litecoin For The Low Long

Litecoin / United States DollarCoinbase

Description

This price level is a blessing in disguise
Comments
altcoiner9
@youngmula ... you see you even have the downward channel marked here, and we keep following it. Sometimes the upper resistance is broken a bit, but then the sells happen and it comes back inside the channel. Seems we need a ground-swell of support, or this bearish "bleed dry" technique as I'm observing is going to happen until all the whales who bought at the lows sell their claims.
TradingMula
@altcoiner9, the blue channel is the larger uptrend channel, so given that the downtrend has met the support line of the uptrend channel I am lead to believe the 40-50 zone is in accumulation
CovidScamIsAnIQTest
I got in a little late :(
TradingMula
@sifeij, load up the truck
unitednoobies
YoungMula, what do you mean this is a blessing? Our are talking about buying on a dip or wait for a rise? I am a little confused.
TradingMula
@unitednoobies, I am buying here, $50 is proving to be a bottom
afvm
It will down to 40s?
TradingMula
@FilipeValentim, watch the price of bitcoin for your clue
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