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gold is support purple is ressistance , only for people who understand already. im watching etfs and what coins they how, and flows. plus volume. i see a correction i will start scaling in around 129 which i am 20% in.....and as it moves down to possibly 113 ill go in 40% and see from there.
btw this is more long term thinking. either way good areas short or long.
Everything is on the chart, all written out, i think if the economy starts to tank, we might see oil shoot up as more buyers come in, it has almost become a safe haven, but also keep in mind inflation and 10 year T-bills. im just trading day to day, i have no F.O.M.O. "Fear of Missing Out" because there is always a way to catch alpha. im nuetral but like i said...
we can see a reversal on the daily chart on facebook, the news likes to create noise, but where there is panic, is oppertunity, i predict, from reading the options contracts, this was simply profit taking and noise. by earning i see facebook around the mid 200$'s .....we all know by terms of agreement that when you sign up for social media you have total control...
COINBASE:LTCUSD this is my view on litecoin, i think LTC will move lilike etherium did after bitcoin, i think we are looking good, just be cautious and as always use stop losses, red is resistance, green is support we are trading in a up channel, you know the rest!
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This is how i see it!
the 4h, daily, weekly all show all oversold conditions, big dip buy at $160 level. LTC
i am personally looking at the 4 hour chart now, we are now trading in a channel, resistance levels are in red. the chart says it all!, hope it helps... ALSO keep in mind, coin base is coming out with a etf. which will allow inflows, but i believe the...