The Litepresence Report on Cryptocurrency

[amonasro]

What would you get out of not sleeping and constantly monitoring lines on the computer?

are you getting small winnings on the daily ups and downs?

When you can see the orders going through individually, it helps to watch the market. After you do it for awhile, you start to see clues that help you build a picture of what's going on. Combine this with volume data, indicators and you can increase the probability of taking a favorable trade. Good trading is really about gaining an edge.

Once you are in a profitable position, the big question is when to get out. A few percentage points can make a big difference in profits if you are trading a big position. Do you let it ride or take profits? It really comes down to personal preference and trading style.

 

[presence]

What would you get out of not sleeping and constantly monitoring lines on the computer?

are you getting small winnings on the daily ups and downs?

I don't often do this... but tonight is an exceptional evening in Litecoin.

Most days playing minute candles is foolish static.

Tonight in LTC the 1m chart is all that matters.

 

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[presence]

 

[PaulConventionWV]

One more bullish flag on litecoin, then I'm shorting. If it turns out to be another flag, then get out, rinse, repeat. Eventually, I will be right and major gains will ensue.

Somewhere in the high 7s is my target.

 

[presence]

I'm on the books to short 02570 down to 02450

that didn't work out.

I took stoploss shares on 02600

bulling again.

 

[presence]

out at 0282
1/2 in on 0277

accumulating a PPC an NMC position

 

[amonasro]

Out at $7.50. Need some sleep already!

 

[presence]

folded that LTC position at 0278; I'm done w/ LTC for the night. morning? wtf is it?

 

[presence]

via https://www.tradingview.com/chart/LTCBTC/Cy0Fv2bx-The-Triple-Tit/

 

[kfarnan]

This is a funny formula, by "Litcoinmessiah".


"OK here is some really reliable predictions based on my formula you could trust:
Yesterday was 7/7/2015 so we multiply the day & year of the month and divided by the year of the century and finally multiply by the millennia.
So here it is:
(7*7)/15 = 3.26666667*2 = 6.53333334
We reached $6.53 Yesterday! so the formula has some credibility.
OK. Let's predict today's peak price:
(8*7)/15 = 3.73333333*2 = 7.46666666
Hmm... Looks like we will have a price increase of $1 per litecoin.
If you trust my formula, or anyone else's financial advise, Go ahead and buy Litecoin. Using Bitcoin to purchase is the easiest method as of now."

 

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[Dianne]

What is all the talk in the trollbox about LTC halving? What does that mean?

 

[kfarnan]

What is all the talk in the trollbox about LTC halving? What does that mean?

The mining reward splits in two. Usually moving value up.

 

[Dianne]

The mining reward splits in two. Usually moving value up.

Gotcha, thanks.

 

[btcltc]

Have you guys made anything in value the last month from trading daily? Feel like the market had been non changing

 

[amonasro]

Watching the candle and volume relationship on LTC/USD 6h/12h/daily... price is meeting major selling (not getting very far) on higher volume. This would indicate an excess of selling entering the market putting us into a possible distribution range. Too early to take a short position yet, but watching closely.

 

[LibertyTeeth]

Have you guys made anything in value the last month from trading daily? Feel like the market had been non changing

Yeah, turned 500 BTC into 609 BTC when I sold at .01940 or so, having held LTC for a couple weeks. Back in at .02700. (Another way of looking at it is I turned 31,000 LTC into 22,000 LTC by selling low and buying higher...)

 

[muh_roads]

Yeah, turned 500 BTC into 609 BTC when I sold at .01940 or so, having held LTC for a couple weeks. Back in at .02700. (Another way of looking at it is I turned 31,000 LTC into 22,000 LTC by selling low and buying higher...)

Welcome Mr. Whale.

Still climbing at 029, well played.