First of all we bounced off the 21 week ema. Second the indicator gave us a buy signal. Third we made an engulfing weekly candle. Considering all this i reentered my hodl position, i will exit it if we start closing below the 21 week ema again or on a new ATH.
Lets confirm it first. A lot of people started thinking this is a bull trap, which leads me to believe that it might not be.
I dont see anyone mentioning that BTC is sitting below the short, mid and long term MAs on the daily. Im just waiting for the next dump thats gona bring us down to 35k. Why are people bullish on crypto right now, i dont know. The alts are going to get absolutely crushed in this bear market, since most of the old alts didnt ever make new highs. Not to mention that...
The bearish signs keep coming in with every week that goes on. We closed last week below the 21 week ema. This is the first step of a fully bearish weekly picture. There is still hope, if we manage to close above the 21 week ema and stay there for like 3 more weeks, we can reverse the trend up ones again, but for now it is not looking so hot. If we close this week...
We have clear fib targets if we make new lows. Target on the new lows are between 37- 39k.
The only reason that anyone invests in LTC is to have a kind of leveraged play on BTC , with the hopes of one day it outperforming BTC for a while. Since we might be entering another bear market in crypto and LTC did't do what it was suppose to, which is to pump vs BTC for a few months i suspect that next cycle we might have a potential dead coin on our hands. The...
The only reason that anyone invests in LTC is to have a kind of leveraged play on BTC, with the hopes of one day it outperforming BTC for a while. Since we might be entering another bear market in crypto and LTC did't do what it was suppose to, which is to pump vs BTC for a few months i suspect that next cycle we might have a potential dead coin on our hands. The...
First of all we made a lower high on the weekly chart, second of all we went from 30 to 50 waaay too quickly and we are forming a descending triangle. The last peace to the bearish story is if we start closing weekly candles below the 21 week ema again. Its exactly the same as last cycle but without the blow off top. I will be interested in investment accumulation...
First we need to close a week below the 21 week ema, which is currently sitting at 43500. The second step is to go below that weeks low, which currently is sitting at 40200. If this happens this and next week, the probability that we continue another leg up to a new ATH decreases dramatically and the chances that we go back down to 30k increases. I am currently in...
Be careful of them bull traps. We in that zone. If it plays out the target is 36k.
We are right on the 200 day MA, below the 21 EMA and above the 50MA. So i think we will range between the 50MA and the 21 EMA and we are more likely to break down at some point in my opinion. I would say 60% chance break down.
We went back in price and touched the 0.5 retrenchment, so we have a target between 40 and 37k. The market looks very weak right now.
If we close near the lows at 42k it becomes very scary and we could have another major dump down to 30 - 35k. It aint looking pretty right now.
We have two monthly candles closing in the wick of the candle that spiked the high. That is usually very bullish in crypto. It can totally hapen while BTC consolidates above the 21 week ema. First stop im guessing 5-10k.
Are we going to go on and make another leg up, or are we retesting 30k?. We need to hold 6 more weeks above the 21 week ema, if not say hello to the 1 year bear market. Currently it is a traders market, not an investor one. I tried to trade the panic yesterday, but surprise surprise i didnt get the bottom. Currently am sitting on -5%.
50- 55k. We need to test the 21 week ema and hold it before we go in new highs. Otherwise its extremely dangerous to enter anything in crypto right now. Remember that we lost 55% in 1 month from 64k. What makes you think we cant go 52 to 30 in 3 weeks? And the alts... ooo boy -50% in 1 day seems probable.
There were 38 000 LTC in the coinbase book at 200 and 210 and someone filled them. Target 2000 dollars.
I exited my hodl position at 37k and started to feel fomoish the past couple of days, but i think its a big mistake to re enter my long term position now. I need to see a consolidation on the weekly trough time and/or price on the chart above 42 k for the next month and a half in order to safely re enter my hodl position. Keep in mind that we have been going up...