LTC is super-duper awesome most superb coin. But right now, ladies and gentlemen, what you are about to witness is MASS MURDER IN CHIKUNLAND!!!
Exit long if you told your wife you gonna be millionaire. And send me BTC tip here: 17Lc7bEZeoZKAARUjXywgVBfLMVJJSHbm5
If pro, go short.
Happy trading! ;)
Little explanation... too much fresh money bought new quarterlies thinking it's safe haven. Well... It is NOT!
Oooh and I love this picture: prnt.sc/fko12m . Borrowed chart from Toothpickle and edited.
Trade closed: stop reached
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This Market Maker does not care about liquidations. Whatever this move is, it is insane. Without any retraces.
Biggest daily candle on futures, EVER. 30% bigger than the one when Coinbase announced adding LTC by surprise combined with mega-rise in BTC the same day. We are 30% bigger than that! Just for fun. Litecoin gonna change the world and replace Bitcoin it seems.
All jokes aside. LTC 15-20x lower market cap than BTC & ETH, but volume 70% of those coins. 30%+ gain in 1 day. No real news today. prntscr.com/fkr5vl
LTC will set new rules. This algo bot resembles the one used for ETH 30x pump 1.5 years ago. No retraces.
Comment
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Thanks for all the comments!
To the haters, I am not LTC hater. I have in fact all my holdings in LTC, as this chart shows:
At that point, however, seeing 30% rise and many bearish signals in the futures market, I truly believed it is time to flush all those fresh quarterlies longs. And maybe it was, as for 2 straight hours we kept going down by $2. What came then was massive buys in China, sending LTC another 15% up, eating through 40k LTC sell walls on both exchanges within 5 minutes. You can say I am noob, might be true or not. I just say I was wrong on this trade. And it was a hard trade, the advice stood: "Exit long if you told your wife you gonna be millionaire. If pro, go short." This is because nice R/R was presented for pros who tried to short this.
Its allrite mate...Sometimes you can be right and sometimes wrong.But whoever followed your first ltc signal already made a profit even if they sold at 35 usd, so no regrets. Its better to play safe. :)
Regards
MarcelV
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@RoxN, Thanks! I believe market maker on Futures wanted to wipe some longs as price followed this analysis for next 2-3 hours, albeit then Chinese whales pumped it up and stopped our Futures MM.
UnknownUnicorn788630
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I don't care, I am holding for the 2nd half of this year.
payam_prz
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funny :D
2014S
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PRESS PLAY - and watch a FAIL ;)
Phil_RX
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I wouldn't buy so early. For now it seems to me that its just about bulls TP and eventually short agressive counter trend entries to target lower prices of previous waves support.
Got that with words and chart tools here...
I hodl my LTC forever