On the last wave in June, I made a lot of money trading LTCUSD by following the BTCUSD charts.
From Sept 1st until today. I have also been trading this BTCUSD wave by holding LTCUSD. This has not worked out well. Litecoin has not followed this wave at all. It is nearly the same exact price as Sept 1.
I still believe in LTCUSD in a very long term trade, but I would like to make money trading the weekly waves.
I will no longer be holding any LTCUSD, I have moved 65% of my position into WAVES due to it's promising future and very low price. I have moved about 30% into BTC spot preparing to scoop up any super cheap WAVES below .00027
I also have less than 5% of my account holding a short on ETHBTC.
I love LTCUSD, and I have been involved since early 2013. It just doesn't have the volatility anymore to support my swing trading strategy.
From Sept 1st until today. I have also been trading this BTCUSD wave by holding LTCUSD. This has not worked out well. Litecoin has not followed this wave at all. It is nearly the same exact price as Sept 1.
I still believe in LTCUSD in a very long term trade, but I would like to make money trading the weekly waves.
I will no longer be holding any LTCUSD, I have moved 65% of my position into WAVES due to it's promising future and very low price. I have moved about 30% into BTC spot preparing to scoop up any super cheap WAVES below .00027
I also have less than 5% of my account holding a short on ETHBTC.
I love LTCUSD, and I have been involved since early 2013. It just doesn't have the volatility anymore to support my swing trading strategy.