I have posted 2 investment option in Salt , as a long term and a short term.
For a short term you have 2 profitable target on Fibonacci Extensions : 1.272 and 1.618
but Salt seems to be a project for a long term investment because on 27 December last year they posted on Twitter Loans are live for Bitcoin , on 2 January Ethereum was accepted as Collateral , this means a big achievement for the crypto world and the next step to the moon . In this case the Fibonacci 2.618 seems to be a reality, not a fiction .
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I forgot to mention : Salt is an undervalued coin , this is just an opinion .
@xleratehighlander, I like salt because they don't use news to pump the price , they grow slow but more stable for the long term .
thanks for appreciation
xleratehighlander
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@candyd, I'm one of those guys that think the News has nothing to do with it. All technical analysis to me. Every stock/coin will go up and will go down according to elliot wave count. The news always justify the prediction later but the prediction always comes first. Right now there is no news for litecoin and I can tell you for sure, the third wave just finish and the next wave is coming. Once it rises people always try to find an explanation why it jump like Japan releasing litecoin on their exchange and blah blah blah... The chart long says it will go up before the news.
StoeanStefanCosmin
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@xleratehighlander, I'm talking about those types of news : In 7 days we have a big announcement , and the players starting to buy . and after that when the day comes with the news, there is nothing extraordinary and the price begins to fall . I have lost some money in the beginning . I have only 4 months in trading and crypto ... I can say that I'm a beginner :D:D:D
xleratehighlander
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@candyd, Oh no problem CandyD, we all got to start somewhere. I've been in this for a few years and only been really active since 2016. I can tell you, Technical Analysis always win. There are so many other coins that have no news to them, rise and fall to the same method. While some coin have news but you know what, the chart said it will rise before the news even came out... I can tell you this, SALT will rise within the next 6 months to a very high level, regardless of news.
There can be news everyday like Ripple and it does the same thing... Remember everyone was talking about Ripple for the last two weeks? Why did it fall to 1.60 yesterday? It is because it has played its course. You can hype it all you want, but it will fall.
The next to fall is Ether, it had a great run but it is due for a Fall very soon. Even if people still hype it up... Its how Crypto and Stock market works. Those who sells see that it is time to eat up the profit.
Be fearful when everyone is greedy. Be greedy when everyone is fearful....
xleratehighlander
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@candyd, Still love that moon picture... I'm in this ride with you to the moon.
StoeanStefanCosmin
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@xleratehighlander, Thanks
You will see more moon , because I have some ideeas how to interpret charts .
In the near future I will post only chart with the price in relation to BTC and USD . this will help to see A REAL MOON that will hit the target on more chart .
I want to make interpretations that respect the target , everythgin will be in a couple of weeks :D
StoeanStefanCosmin
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@candyd, Right now I try to understand what people want to see, Chart for short term or long term .
xleratehighlander
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@candyd, Short term is easier and I think you'll get more attention since a lot of people like to get in and out (gambler mentality and it is very addictive).
If you do long term you still have to update constantly as more people keep on asking for updates.
xleratehighlander
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@candyd, Also don't let the news dictate your prediction. Just go with it based on numbers and not on any other events that may or may not happen... Let your natural instinct run free...
Keep up the good work...
I'll buy some salt for long term...