LTC/BTC CHART PLAYING OUT
LTC/BTC CHART PLAYING OUT BEAUTIFULLY!! THE PULLBACK HAS BEGUN!! WHAT NEXT?! WHAT TO MAKE OF THIS BEARISH ENGULFING CANDLE FORMING ON THE 1 DAY CHART?! DOES IT MEAN TROUBLE?
Great work explaining the chart, I'm just a beginner looking to learn more from you! Thank you for your videos.
Remember. All these peoples coins are still tied up & not in their possession for a couple more days.
Chris. Now what? LTC going sideways.
Appreciate you talking in satoshis.
Enjoying your technical analysis keep up the good work. Also can you give us support and resistance in $$ instead of satoshi's
Bitcoin and Litecoin are
Bitcoin and Litecoin are both entering the doorway to a confirmed uptrend or bear market in my opinion. Let's talk about this while looking at BTC and LTC charts for some technical analysis.
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Nearly 2 am...(London)..can't sleep...I stopped looking @ my cripto last week i found it was just bringing me down seeing every time I opened it how much I have lost.....I got into this in December /Jan all I know is loss...it's a market I want to be in but I think I'm in 5000dollars but if I get out now I'll have 2000... I believe cripto is going to go up a lot but it's a bit late to get out so I'm just writing the money off & not looking anymore....I think I'll lose more then eventually it will go up but I lost my passion as I can't even look at my coinbace app anymore...
Thanks for your efforts Dan & I'll just look at your vids to keep me informed from now on...I'm just thinking I got my bits of cripto & hats done so it's an investment & don't look at the price anymore...it will be ok but it's not worth looking at now if it's just making me down..well you asked for our feelings.....that's mine.
Dan, the first time I bought litecoin, I learned a valuable lesson. Before getting in, ask yourself: Do I believe tgis technology is the future? If yes, who cares if it goes all the way down. Eventually, the idea is that it will pick up greater than you ever imagined. If you really believe in it $90.00 is actually bullish because you are getting in for less(I got in around $140).
The very fact that so many will be waiting on the sidelines could be the very reason Litecoin drops. Sitting on the sidelines is directly contrary to the very thing we need, volume.
With that said, I believe a breaking up is more likely as most expected that prior to the dip under $100. The market typically does the opposite of the general sentiment. Right now, it seems most are skittish, so it is bound to rebound and create a lot of short term fomo.
Lets talk Blockchain for a second, If no miners no Blockchain. $6,000 BTC is the lowest a miner will keep mining to just accumulate at $0 profit. Its estimated that miners at $6500 are ok but still in accumulation mode. Similarly LTC miners have to be at $75 to make $0 and just accumulate and are ok at $80. Some of you will say that we had miners when the prices were a fraction of this and that's true because the Blockchain wasn't what it is today. If Blockchain is to be what everyone wants it to be, the "whales" can not and will not keep it this low for very much longer. So the question is, do you believe in Blockchain and do you think it "is the future of security" ? If you believe HODL, if you don't, best to sell now! And shit talkers on this channel are not welcome, I deal with concerned questions and comments daily, but if your a shit talker, your not welcome in my world. Here is an Idea, take all your money and go to Vegas and put it on RED then cry when you loose that Vegas is a rip off. Or buy stocks and watch it go up $.03 in a year and tell me that its a long term investment for your future. Either way Crypto and what it will be is the better option in my opinion. Sorry to rant Dan.
Met my goal on number of litecoin purchased....holding.