litepresence, what is your basis for believing LTC will be .1 within 2.5 weeks?
And if you believe this, why are you 100% in fiat?
7588y/btc was the entry into a long decline to 3300y... (ultimately the biggest bear trap known to man; long) . Price will rise again out of 3000 to 15 000 or more.
So. At price point 5950y I dumped 100% to fiat.
(also dumped topside pre 7588 @ 7400, and ran a short on the first bounce from 5000-5950; but that's another story and I hedged ten ways
)
We've been as low as 5002y as of this morning; 5232y last.
I have interpolated multiple short events and all show the same clear price point (and common bull/bear pattern) to me. See this one for example, which played out about 3 hours ago on 1 minute candles:
Here you see it overlayed, projecting on our 12h chart:
it was taken from this event on 3m seen here:
if you see the support lines in first image; you'll also see $550/3300y represents a "decent guess" projecting linearly from previous support.
Also, I note Bitcoin long = 0.59% daily on average since day 1.
August 2012, April 2013, and November 2013 are the only month long periods where price has gained for 5% daily. I recall what happened after August and April clearly.
Things certainly seem to lean "cresting" since 7588y these days.
Bottom bounce medium scale
3300y
$550
Ultimate bottom February $360
I say we tap $650+ between
Our 0.59% daily long puts us back at $1000 in August of 2014; I suspect hype will bubble it to $2000 or more by then though, Only to repeat, recycle, etc.
So I dumped my 6000y crypto and I'm gonna pick up some 3500y crypto.
That's why
Now regarding why LTC is Bulling BTC
Just have a look at the 12h LTC/BTC:
