aghaparsaa

LTC/USD ... i am looking at $40 ... 8/8/2019

BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
.
Trade active
Comment: darim be targete avval nazdik mishim
Trade active
Trade active

Comments

If it does hit $40, it would indicate a far weaker demand for the entire crypto market than expected when based on the number of active wallets. It would signal that we've already reached peak adoption... I'm confident that's not even close to being the case.

I don't see it closing anywhere near $40 on the weekly chart. $60 is really pushing it, and $70 is more likely.

I'd be very leery shorting right now as a long term strategy. This is a consolidation.
+2 Reply
aghaparsaa pungopete468
@pungopete468,
But we'll see $ 40
Reply
pungopete468 aghaparsaa
@aghaparsaa, That's certainly possible, but on which chart? I wouldn't be surprised to see a dip to $40 on the 4hr or less, but I suspect there's more than enough confidence left in LTC and crypto as long term investments to absorb most of those sell orders just as quickly as they come onto the market.

I get a sense that almost everyone is using the same strategy of looking at the timeline of the previous cycle and assuming that we have more than a year left of consolidation before the start of the next rush towards 5-10k. For that reason, I expect an accelerated timeline and much more competition from people trying to get in at the lowest re-entry point...

I wouldn't be surprised if the time between peaks is very compressed relative to last time because as the years go by, the relative risk is decreasing, and a lot of people are predicting another price spike in the future... That self-fulfilling prophecy is the reason why the risk of missing a good entry point only grows as the price decreases...
Reply
786 fib around 50 dollar region
+2 Reply
Lol this is way to bearish my friend xD
+2 Reply
daghighan hamintore
aliiiye in tahlil
in arz ta ghable sale ni miladi roshdi nemikone vali ehtemalan badesh roshd khahad dasht
+1 Reply
aghaparsaa parsetm
@parsetm,
mamnoonam azizjan
Reply
Terrific H&S pattern catch.
+1 Reply
aghaparsaa Bullandbeartrading
@Bullandbeartrading,
whars the H&S pattern. explaine me plz. tanx
Reply
aghaparsaa Bullandbeartrading
@Bullandbeartrading,
you mean: Head and Shoulders?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out