LITECOIN And The Bear Flag - And D4rkEnergY With a Secret! <3
Hello my lovely Crypto-Friends!
D4rkEnergY is back - He will once again spread love and wisdom to his followers. Before we will go on, let me just say - D4 will share something with you guys: D4 has been very rich, but also really poor. But let me come back to that later...
Let's first take a look at the 1D LTCUSD Chart. Litecoin is one of the few altcoins who has fared better than Bitcoin the last 24 hours. Bitcoin usually tend to fare better than the rest in a downtrend with a lot uncertainty in the market, and that is also what we are seeing at the moment. Litecoin is an exception though.
Firstly I want you to take notice of the bear flag. We are seeing these bear flags on a lot of charts at the moment. That is not unusual in steep downtrends. As you can see, we found support on EMA200, where we took a bounce and are now fighting the 61,8 % Fibonacci retracement level, which acts as huge resistance.
I've mentioned it so many times, but let me say it once again. Altcoins are just following Bitcoin's directions, and it's very hard to day trade in a bear market like this at the moment if you not are an experienced trader. But expect Litecoin to go lower, since everything is pointing in that direction with Bitcoin too.
---------------
So when do you guys think, I had the best time of my life...? When I was poor or rich?
You are wrong! It was not when I had the most money. But it wasn't either when I was completely broke. When I was on my All Time High money wise, yes, I had a lot of girls in my life, yes, I had a fancy car, a penthouse apartment with sea view and I partied a lot. But let me tell you, what happened to me. I was never really satisfied with myself or with my life.
I just wanted more and more. I kept comparing myself with people who had more than me. In the end I couldn't feel myself anymore, I was never present - I always wanted to go from A to B. And that is a very dangerous path to be on. In fact I became more and more sad for every day that went by, even though I didn't even realize it at that point. I forgot about the real values in life. Love, family and real friendships!
Believe me, when I say, that this is one of the biggest risks when you start making a lot of money. You might not think, that this will happen to you. And maybe it will not. But you really have to be aware of the risk.
Remember once a while to take a step back, take a deep breath and try to really feel yourself and take a look at your own life. Are you doing this because you really like it, or are you only doing this to get the approval of others??
D4 loves you <3
Remember to give D4 some love and a BIG LIKE. Thank you, my friends! :)
D4rkEnergY is back - He will once again spread love and wisdom to his followers. Before we will go on, let me just say - D4 will share something with you guys: D4 has been very rich, but also really poor. But let me come back to that later...
Let's first take a look at the 1D LTCUSD Chart. Litecoin is one of the few altcoins who has fared better than Bitcoin the last 24 hours. Bitcoin usually tend to fare better than the rest in a downtrend with a lot uncertainty in the market, and that is also what we are seeing at the moment. Litecoin is an exception though.
Firstly I want you to take notice of the bear flag. We are seeing these bear flags on a lot of charts at the moment. That is not unusual in steep downtrends. As you can see, we found support on EMA200, where we took a bounce and are now fighting the 61,8 % Fibonacci retracement level, which acts as huge resistance.
I've mentioned it so many times, but let me say it once again. Altcoins are just following Bitcoin's directions, and it's very hard to day trade in a bear market like this at the moment if you not are an experienced trader. But expect Litecoin to go lower, since everything is pointing in that direction with Bitcoin too.
---------------
So when do you guys think, I had the best time of my life...? When I was poor or rich?
You are wrong! It was not when I had the most money. But it wasn't either when I was completely broke. When I was on my All Time High money wise, yes, I had a lot of girls in my life, yes, I had a fancy car, a penthouse apartment with sea view and I partied a lot. But let me tell you, what happened to me. I was never really satisfied with myself or with my life.
I just wanted more and more. I kept comparing myself with people who had more than me. In the end I couldn't feel myself anymore, I was never present - I always wanted to go from A to B. And that is a very dangerous path to be on. In fact I became more and more sad for every day that went by, even though I didn't even realize it at that point. I forgot about the real values in life. Love, family and real friendships!
Believe me, when I say, that this is one of the biggest risks when you start making a lot of money. You might not think, that this will happen to you. And maybe it will not. But you really have to be aware of the risk.
Remember once a while to take a step back, take a deep breath and try to really feel yourself and take a look at your own life. Are you doing this because you really like it, or are you only doing this to get the approval of others??
D4 loves you <3
Remember to give D4 some love and a BIG LIKE. Thank you, my friends! :)
Comment:
Comment:
We are back with Litecoin! As you can see the cup and handle pattern took form. This is normally a bullish pattern and usually we will keep going up under normal circumstances.
But as I try to stress all the time, with a bear market like this with BTC in a downtrend and a lot of uncertainty in the market, all the other alts follow BTC closely. So LTC fell instead, tried to climb up again, but ran into an ascending wedge and slowly lost momentum, which made LTC fall once again.
Bitcoin has been ranging for many hours now, and that is also why we can see Litecoin is getting kind of confused. Take a look at the RSI. You can also see that LTC might soon start the same ascending triangle pattern as BTC.
But don't put too much weight in this for now. Wait and see what BTC will do.
Remember to leave a LIKE. Love you <3
But as I try to stress all the time, with a bear market like this with BTC in a downtrend and a lot of uncertainty in the market, all the other alts follow BTC closely. So LTC fell instead, tried to climb up again, but ran into an ascending wedge and slowly lost momentum, which made LTC fall once again.
Bitcoin has been ranging for many hours now, and that is also why we can see Litecoin is getting kind of confused. Take a look at the RSI. You can also see that LTC might soon start the same ascending triangle pattern as BTC.
But don't put too much weight in this for now. Wait and see what BTC will do.
Remember to leave a LIKE. Love you <3
If Bitcoin starts to range or go a bit up, we might soon see a another spike from Litecoin.
This is worth keeping an eye on.
D4 loves you <3
Remember to give me a LIKE - it's much appreciated it!