PnF TA

[wpalczynski]

Leave it open

[1715035912]

1715035912

[1715035912]

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[1715035912]

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[klee]

[klee]

Possible LTC target (if we continue in current O column):

[Kramerc]

WRT LTC, any reason you would think 3 layers of hard support would not hold?

[klee]

WRT LTC, any reason you would think 3 layers of hard support would not hold?

This is not implying it will go there but that if it does, it would be probably a good idea to close shorts there (you can also go long with a stop at the spread double bottom break, at 0.00293-).

Don't forget, LTC is the King of Shitcoins (DASH is the King of scamcoins).

[Kramerc]

WRT LTC, any reason you would think 3 layers of hard support would not hold?

This is not implying it will go there but that if it does, it would be probably a good idea to close shorts there (you can also go long with a stop at the spread double bottom break, at 0.00293-).

Don't forget, LTC is the King of Shitcoins (DASH is the King of scamcoins).

What do you think about the potential bullish catapult on both ltcusd (on a break of $12.1) and ltcbtc (on a break of .001)? Is it something you're interested in trading?

[Chef Ramsay]

WRT LTC, any reason you would think 3 layers of hard support would not hold?

This is not implying it will go there but that if it does, it would be probably a good idea to close shorts there (you can also go long with a stop at the spread double bottom break, at 0.00293-).

Don't forget, LTC is the King of Shitcoins (DASH is the King of scamcoins).

What do you think about the potential bullish catapult on both ltcusd (on a break of $12.1) and ltcbtc (on a break of .001)? Is it something you're interested in trading?

fify

[klee]

WRT LTC, any reason you would think 3 layers of hard support would not hold?

This is not implying it will go there but that if it does, it would be probably a good idea to close shorts there (you can also go long with a stop at the spread double bottom break, at 0.00293-).

Don't forget, LTC is the King of Shitcoins (DASH is the King of scamcoins).

What do you think about the potential bullish catapult on both ltcusd (on a break of $12.1) and ltcbtc (on a break of .001)? Is it something you're interested in trading?

I don't advise going long with LTC at these prices because there are whales with millions and 100s of thousands of LTC ready to dump any time.
Only reason to buy if you want to invest long term as a hedge to BTC (along with other alts like ETH, XMR, ...)

There are better opportunities to make money atm like XEM, STRAT, BURST (though you need to be in scalp mode now for alts in general).

[Kramerc]

I don't advise going long with LTC at these prices because there are whales with millions and 100s of thousands of LTC ready to dump any time.
Only reason to buy if you want to invest long term as a hedge to BTC (along with other alts like ETH, XMR, ...)

There are better opportunities to make money atm like XEM, STRAT, BURST (though you need to be in scalp mode now for alts in general).

Huh? I thought price rises exactly for that reason, that whales have accumulated and need to take it (trading) considerably higher in order to sell at a profit?

I've been heavily long since .004, scalping the last few waves with more or less success; I feel like I'm still on the right side of the market, just wanted a second opinion from a different perspective of TA.

Can you give me one, excluding your (unjustified) bearish bias?

[klee]

I don't advise going long with LTC at these prices because there are whales with millions and 100s of thousands of LTC ready to dump any time.
Only reason to buy if you want to invest long term as a hedge to BTC (along with other alts like ETH, XMR, ...)

There are better opportunities to make money atm like XEM, STRAT, BURST (though you need to be in scalp mode now for alts in general).

Huh? I thought price rises exactly for that reason, that whales have accumulated and need to take it (trading) considerably higher in order to sell at a profit?
How do you know their take profit price?

I've been heavily long since .004, scalping the last few waves with more or less success; I feel like I'm still on the right side of the market, just wanted a second opinion from a different perspective of TA.
We are talking about risk management here, not TA. Consider if you would invest at 0.01 what you invested at 0.004.

Can you give me one, excluding your (unjustified) bearish bias?
Same as above. After all where did I say it is bearish? I would have to define the timeframe first, even if I had mentioned trend (very long term bull, long term bear,
medium term bear. Trends change in seconds in non liquid markets, especially when the distribution is so ugly like in LTC.

[klee]

I don't advise going long with LTC at these prices because there are whales with millions and 100s of thousands of LTC ready to dump any time.
Only reason to buy if you want to invest long term as a hedge to BTC (along with other alts like ETH, XMR, ...)

There are better opportunities to make money atm like XEM, STRAT, BURST (though you need to be in scalp mode now for alts in general).

Huh? I thought price rises exactly for that reason, that whales have accumulated and need to take it (trading) considerably higher in order to sell at a profit?
How do you know their take profit price?

I've been heavily long since .004, scalping the last few waves with more or less success; I feel like I'm still on the right side of the market, just wanted a second opinion from a different perspective of TA.
We are talking about risk management here, not TA. Consider if you would invest at 0.01 what you invested at 0.004.

Can you give me one, excluding your (unjustified) bearish bias?
Same as above. After all where did I say it is bearish? I would have to define the timeframe first, even if I had mentioned trend (very long term bull, long term bear,
medium term bear. Trends change in seconds in non liquid markets, especially when the distribution is so ugly like in LTC.

Long story short, time to go seriously long was when you did, not now.
Where it will top? Can't say...

Do your own portfolio/risk management, my own is to avoid this now.

[Kramerc]

Long story short, time to go seriously long was when you did, not now.
Where it will top? Can't say...

Do your own portfolio/risk management, my own is to avoid this now.

Everyone can trade with hindsight, but actually going long at .004 and below was a very, very risky proposition due to LTCBTC being in a bear market. What guarantees would one have that the price wouldn't simply go to .002 (I don't count polo's lack of liquidity low as valid, so, for me, 0.003 is the bottom). Your assessment sounds similar to someone claiming "time to go long on BTC was at $200", which is definitely true. But it was a good moment to go long at $400, $600, $800 and even $1000. Basically, it's been a good moment to long in the past year and a half.

Anyway, you didn't answer my specific question and the only thing I was interested in, which was a second opinion on the market, based on charting and interpreting PnF, at which I'm very much a novice.

Thanks for your time and other input, highly appreciate it.

[klee]

Long story short, time to go seriously long was when you did, not now.
Where it will top? Can't say...

Do your own portfolio/risk management, my own is to avoid this now.

Everyone can trade with hindsight, but actually going long at .004 and below was a very, very risky proposition due to LTCBTC being in a bear market. What guarantees would one have that the price wouldn't simply go to .002 (I don't count polo's lack of liquidity low as valid, so, for me, 0.003 is the bottom). Your assessment sounds similar to someone claiming "time to go long on BTC was at $200", which is definitely true. But it was a good moment to go long at $400, $600, $800 and even $1000. Basically, it's been a good moment to long in the past year and a half.

Anyway, you didn't answer my specific question and the only thing I was interested in, which was a second opinion on the market, based on charting and interpreting PnF, at which I'm very much a novice.

Thanks for your time and other input, highly appreciate it.

The buy signal was at 0.00436575 (5%x3 HL) and then very strong one at 0.0053 too, so no need to catch the exact bottom (but still an entry around half the current price).
Trying to catch the bottom is a very risky business, I agree (but it is known after it happened if you pay close attention to the asset).

Regarding your question, I answered that very long term it is bull, long term bear, medium term bull.
Can't be more specific than this and it is up to you to decide where to focus!

Happy trading

[klee]

SHOTR LTSHIT & SHITWIT coins

https://bitslog.wordpress.com/2017/04/17/new-quadratic-delays-in-bitcoin-scripts/

[Wexlike]

Rofl, because of a 5s 1 thread processing time ? 

[klee]

Rofl, because of a 5s 1 thread processing time ? 

And because BTC will rekt alts 

[klee]

Rofl, because of a 5s 1 thread processing time ? 

And because BTC will rekt alts 

¯\_ツ_/¯

[klee]

Regarding Bitcoin, this is the only TA you need:

https://www.tradingview.com/chart/BTCUSD/6yLOE8vM-Chaotic-Attractor-Projection-Model-BTC-USD-Bitstamp/

Via our friend macsga

[Okurkabinladin]

Rofl, because of a 5s 1 thread processing time ? 

Alts always collapse just when Bitcoin is entering parabolic move. It will be that way for foreseeable future as it still has not only first mover advantage but majority of entire cryptocurrency market capitalization. Its gravitational field is simply too strong.

[Sierra82fit]

Rofl, because of a 5s 1 thread processing time ? 

Alts always collapse just when Bitcoin is entering parabolic move. It will be that way for foreseeable future as it still has not only first mover advantage but majority of entire cryptocurrency market capitalization. Its gravitational field is simply too strong.

It is possible to capitalize completely in the field of cryptography, but how can Bitcoin's implementation affect the prostate using all the technologies of the common man