Pivots marked. Those are points where it will hit resistance.
Look at the total supply available. Look at the price .... Look at the coin. Buy..
opening a small short position here because we are now on the weekly top again. There have been no corrections, and this is not healthy. If it breaks both the red arrow and green arrow and confirms on the daily - convert position to Long.
Yes I will be crucified for this -- but we are approaching the top. Short target is marked -- BITSTAMP:BTCUSD I have not posted a chart in some time because most action does not need a chart - bitcoin is always up. However - we are reaching the top. If we break this and go up - we close the short and go long because we will have broken a 2 year old...
If the daily closes above (higher low) - we bull. Simple. I like it simple.
Red dotted lines are all possible reversals / support. Safe Entry is marked. This only assumes bitcoin will not fork. if it does ... all bets are off.
An idea - based on the fact that BTC will stop trading august 1st and after this pump LTC should go back up. Also LTC is now in its supply zone.
Simple Idea based on traingles -- if you remember my last idea, (and everyone elses) the triangle never did complete and btc broke out too soon. This should play out like this -- the dotted blue line below the blue box is support and stop loss. The Blue box is all buy. Tips welcome: LTC -1.91% : LZAzuZN3JXnRYxjVUT6xaEE316LfbRRV2h BTC : 1AxjpnwAv9w1y3Fp8wKT7W6oMg69VAJsji
This is a risky trade - we are now at a point where a break out is imminent - if it breaks - run for the hills. There is absolutely no support below this ... it dumps straight to 400 range. Trade at your own risk. TP1: 1050 TP2: 1150 TP3: 1300 Tips welcome: LTC -0.71% -1.91% : LZAzuZN3JXnRYxjVUT6xaEE316LfbRRV2h BTC : 1AxjpnwAv9w1y3Fp8wKT7W6oMg69VAJsji
As requested by usmanshahid
We seemed to have bottomed out now. As we approach this lower trend, if it breaks down, you must sell and short. If it doesnt break down, you must buy and hold long. Looks like though it should go up since all other alts are up and there are some good advancements coming for BTS soon. Blue area is all buy. The lower red dotted line, if broken on the 240m you...
You go long. Blue box bids - Red Line Stop Loss. If you want to buy cheaper and faster LTC - please buy from the exchange linked below. This exchange pays 50% of LTC fees to litecoin foundation, and 50% to ETC. We must support initiatives like this. Below is my referral link: coinut.com Tips welcome: LTC Tps: LZAzuZN3JXnRYxjVUT6xaEE316LfbRRV2h BTC:...
Sharing this here to show good stable bull run. LTCCNY has been amazing. Long term trade until channel break. Bull since April.
No idea if it break out or breaks down. Three fallings peaks would indicate break down.
I mentioned a few times in the last few days that if we retest 2250 we are going back up. There is a strong rejection of any downtrend below 2300 on the daily. While bitcoin may dump and move sideways, I think it is now going to crawl back up. The daily chart seems to support this too. Even with all the massacres, we are still in our channel. This is a long term...
So much FUD. Here is very simple charting - with all indicators turned off, purely based on historical performance and trends.