@dr34man, same setup on the weekly as of Nov. 24, 2014, as this: the crossing of the macd and price action. Only it went down and the macd crossed back within a couple of weeks. Not that it has to do that again, I personally just prefer the confirmation before the trade. But that's just me, and I lean to the conservative side.
arandon
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shit, I checked 20+ of your previous charts and almost every single idea was a failure. It's almost like I should do the opposite of what you're suggesting
Sherem
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@arandon, Crypto hasn't been doing much of anything over the last couple months. If you are looking for someone to just sling trades, yeah go check out someone else and lose money. I ladder and am a patient trader. I don't shill anything because I make money trading, so you can take my analysis fwiw to you.
Of course, if you were following me you would know the significance of this gold line in BTC as it still has not broken, that I identified early on where other traders were just spewing garbage shilling their services. You could have played this 6.3k over and over again.
I laid out my ETH guide calling the bottom around $200 before anyone.
My calls on LTC have been pretty good, I would say:
I called long at $55 on LTC. Plenty of opportunity to get out if you felt like it:
Vix: +50-100%
GBP/JPY +200 pips
arandon
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@Sherem, trust me, I hope you're right with your LTC analysis.
Sherem
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@arandon, Thanks. It will go up, but bucking a down trend takes times, people have to be convinced it's done and we are getting there.
InvestingScope
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Clear Channel Down towards at least 44.000:
RichieLaBamba
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easyMarkets
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Nice long-term idea on LTCUSD, we have the same bullish bias on LTCUSD, however it’s a shorter term view. The first support level that we’ve identified is at $50.58 which coincides with the bottom area of $50 which was stated on your analysis! Our support level at 50.38 is backed by a horizontal swing low support, 61.8% Fibonacci extension and 78.6% Fibonacci retracement. As indicated on your analysis, MACD did made a cross, which most traders use as a precursor for bullishness.
Should you be interested in a short-term look of LTCUSD, do take a look at our idea and let us know what you make of it.