As forecasted, btc breached out of the pennant on decent volume, breached hard resistance at lines x and 4 and 3, and we are currently meeting hard resistance at line y. I bought more the first time we pierced line x. Will look to take some off the table around lines 1 and 2. Will hold some for longer term and look to buy back on dips.
The blue triangle (lines W and X) forecasted a $2.50 cent move upward. Bottom of the current red rectangle (lines Y and Z) touched long term support line A (green). As the bollinger band squeezes, the rectangle forecasts a move of $1.90. We could find resistance at long term support line B (green) as well as diagonal trend line 1 (black) If weakness ensures...
We all should know how things work out in crypto-kingdom. The composite man accumulates, the composite man unleashes hype, and the composite man dumps all during the run up and specially on hype peak. SegWit hype is running over, it is now clear that it will be soon locked up and deployed. Miner support is overwhelming. And we all should know too that anything...
To join this move, if you were looking to buy now, it is a bit late. The daily chart gave a signal, but there is always risk that the miners decide to remove hashrate and that would decrease the Segwit signaling %. To activate it, the hashrate signaling it has to be 75%, it's now around 70%, which got people excited. There is no guarantee miners don't go and make...
Holding LTC and waiting to buy on any weakness. LTC is forming a symmetrical triangle (red lines) within a larger symmetrical triangle (top red line and diagonal lines 3 and 4). MACD is indicating a continuation downward and the RSI is continuing to trend downward. If LTC breaks below the purple trendline and the red triangle we will enter zone C where line 3 and...
China is upgrading to LTC Segwit in about 5 hours from when I'm writing this. Go long. I'm in at 0.00895 BTC, even getting in over 0.01 is ok. GLHF twitter.com
Digibyte looking bullish short-term because it's in a Segwit activation period and looks like it will get the support. Don't know what to expect long-term or if the excitement will last beyond that, but in the short term there's pump potential if this gets some steam. Looks like a cup & handle forming, watch for a breakout past the neckline. Supported by the...
LTC was skyrocketing until Wang Chun tweeted the (now deleted) "I'm not sure about SegWit" tweet. It took 6 days for him to retract and clarify his position, and that's when buyers shot back in. Now instead of the steep frenzied increase in price, it looks like we're holding at a new casual increase. I'm guessing this will hold until either news comes in that...
Litecoin has been on a roll lately, and for very good reasons. Technical Analysis: Earlier Litecoin broke through a strong resistance level with high volume. Turning the level to our floor. Litecoin has been going down for a few years now and it seems like a perfect time for a huge pump, if the fundamentals can support it, which it definitely could. Buy...
Vertcoin is currently forming a beautiful bull pennant on the 1 hour chart, could easily breakout within the next 12 hours, especially with SEGWIT approval over 75% and implementation starting soon if it holds above that level. vtconline.org Expect announcements from their twitter account regarding SEGWIT shortly: twitter.com
Almost all-in on this bet. 90% of my net worth is currently in a 20x short litecoin position (includes extra margin to move the margin call down). Originally opened this position at $10,98 and kept adding to it the more hopeless and manipulative Litecoin became. My average open is at $10,15, so I am currently already in massive profit. However, I expect this to...
Price should stay in the bottom half of this pitchfork. You can play the channel for a bit. It should go up in the top half with a big news (Segwit activation ?) or if BTC goes down. Happy trading
Full disclosure, our first foray into Cryptocurrency was Litecoin back in 2015. It was the first coin we experimented mining with because it was cheap enough and could be mined with a GPU. It seemed like a good choice, because LTC was the underdog and mining had not become centralised and monopolised at is it had already become by then with Bitcoin. So we have a...
This is a sad moment for Bitcoin. And probably for whole crypto-market. We've seen bullish exhuberance on altcoin markets , where major alts (DASH, ETH, XMR) gained an 100% in average last 7 days. And they gained much more at their peaks. These are the actual numbers against BTC since bitcoin ETF rejection: XMR +155% ETH +295% DASH +265% And other minor...
Doesn't look good for Litecoin. Ratio has been making new all-time-low's consistently for the past month. Fiat value isn't rising either. SegWit doesn't look to activate anytime soon, and it seems like F2Pool and BatPool were not honest about their support. Meanwhile, Bitcoin, Ethereum, and Dash are all pumping. It seems that nobody is interested in Litecoin....
Target to open short: 707.88 - 709.88 (tight S/L recommended) Happy Trading!