Looking at the graph, we can see a strong support that is moving with a bull bias, however our upward momentum will come to an end at some point and a significant retrace will be had. The question is, do you want to play that game for a gain of $1-$4 LTC or just wait and buy cheaper? The only way we can move unimpeded is if we go back in time to the magic year of...
So, unlike previous pumps, this ride from the 3000 to 4100 was fraught with indecision as indicated on the daily and 4H. We are specifically looking at the shape and oscillating nature on the way up which indicates the bear market is in full effect during this bull run.
Look to enter BTC sub $2800 and LTC sub $20.
In this graph we are comparing the TOTAL2 index and BTC in its first major dip and its return, likewise we can see we remain inside the bearish channel, yet we are due for a positive correction from inside. Looking at the bounce we see a return to the local mean; In the first instance it was 10K BTC. In the second instance it is 6K BTC.
Best course of action is...