PaulConventionWV
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Nice. Me, too. Just started shorting, in fact.
The Litepresence Report on Cryptocurrency
- Thread starter presence
- Start date
Nice. Me, too. Just started shorting, in fact.
presence
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- Dec 20, 2011
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I'm out either way.
Moving some BTC this morning:
155 minutes listed on network.
Still Zero Confirms.
tx listed as "High Priority" @ blocktrail.com for over 90 minutes.
Its been like this all week.
LTC may do wild LTC things on a pump&dump level from here...
but on a retail, long TA level its time to take earnings.
BTC is going to be sideways until this log jam clears.
Technical issues means no new money.
The big cats that are in now are going to support their investments.
I anticipate 2-3 days channelled in 270 to 260.
I expect then more BTC moon into the coming weeks as a resolution to the tx issue comes to light.
LTC will pump again, on the actual mathematical force of the halving, post halving.
This was the buy the rumor sell the news pre-halving pump.
This is fontas' accout at trading view btw:
Fontas - TradingView
Also of note:
coblee says
The current spam attack on Bitcoin is not economically feasible on Litecoin
https://www.reddit.com/r/Bitcoin/comments/3ci25k/the_current_spam_attack_on_bitcoin_is_not/
Moving some BTC this morning:
155 minutes listed on network.
Still Zero Confirms.
tx listed as "High Priority" @ blocktrail.com for over 90 minutes.
Its been like this all week.
LTC may do wild LTC things on a pump&dump level from here...
but on a retail, long TA level its time to take earnings.
BTC is going to be sideways until this log jam clears.
Technical issues means no new money.
The big cats that are in now are going to support their investments.
I anticipate 2-3 days channelled in 270 to 260.
I expect then more BTC moon into the coming weeks as a resolution to the tx issue comes to light.
LTC will pump again, on the actual mathematical force of the halving, post halving.
This was the buy the rumor sell the news pre-halving pump.
This is fontas' accout at trading view btw:
Fontas - TradingView
Also of note:
coblee says
The current spam attack on Bitcoin is not economically feasible on Litecoin
https://www.reddit.com/r/Bitcoin/comments/3ci25k/the_current_spam_attack_on_bitcoin_is_not/
amonasro
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- May 12, 2007
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I held my LTC position last night because I didn't see a lot of distribution in the trading range after the buying climax to $5.60. All the selling was getting pretty well absorbed even after Fontas sold, making me wonder about his true intentions. Now it's in a pre-breakout reaccumulation range with rising bottoms and more absorption on the 15/30m, hugging the ceiling. In a bullish market these have a habit of breaking upward. A risky trade if you're not already in, but next resistance area is around $8. Hmm.
presence
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Generally I agree.
I don't recommend anyone without a firm grasp on things get involved at this level.
I might take a stab at 02300's... but I'll be trading on live orderbook dynamics of major litecoin markets; there's not much you can do quantitatively anymore; we're at the trade on gut level.
I spoke with fontas. I think his game is the same.
This is shark time. Very high risk. Very Very quick reward. Very Very Very ugly downside risk.
in other news:
NY STOCK EXCHANGE SHUT DOWN 4 HOURS TODAY
HACKED?
WSJ HACKED
UNITED AIRLINES HACKED
All at the same time but supposedibitibitly not related? LOL
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dannno
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amonasro
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I'm with you. I just don't see many whales selling LTC yet. Normally during tops you get big whooshes down on high volume/volatility as things get distributed, setting up the ease of a future downmove. The sharks may have higher prices in mind. I'm seeing that nobody selling, what selling there is is getting absorbed without big drops, and volume is really drying up. That's a reaccumulation characteristic where the implication would be more up.
Bitcoin is getting shaken out a bit... there's a bot on Finex that puts up massive ask walls during times of low volume to pull the selling out of the market and get the little fish to sell into its buy orders a couple bucks lower. I've seen traders throw multi hundred market buy orders at it and it doesn't flinch, but it does do an about-face when it's satisfied. Major whale bot, acts as a market probe. Pretty clever actually.
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presence
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I can see us consolidating towards a 270-275 topside over another 48-72 hours at least.
I expect a tight consolidation at 275 then breakout to about 320.
presence
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At the moment Honeybadger is holding BTC.
So I play LTCBTC.
When Honeybadger is in USD I play LTCUSD.
I'm watching OKCoin LTCCNY as my primary trade signal.
I also have a copy of "Cthulhu Bollinger Bands v3.05" running on LTCBTC.
If I sleep in coins it will dump for me at the top.
I probably will not sleep tonight. Just had a double espresso.
ITS ON
This is the Cthulhu tune I'm currently running. It loses 4% of shares over the bull run:
The tune is custom but the script is otherwise exactly as is freeware at tradewave.
Its my "backup plan" for sleeping, away etc.
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