The Litepresence Report on Cryptocurrency
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PaulConventionWV
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I kind of lucked out because I exited BTC at $310 on a hunch. It seemed kind of sluggish and I had a long work day ahead of me, so decided to be satisfied with my profit even if it kept going without me. That was about a 3% gain and I also had about a 20% gain on LTC at the same time. Moments later, both went down and I ended up looking like a genius.
I think I'm going to lay low for a while and pay myself from what I've earned in the last week. This week I think I made over 90% gains, all told. This after taking a couple of months off because of the market not moving, it pays to be patient. It's a good time to reflect and renew my resolve to be a patient, cautious trader.
PaulConventionWV
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The people who think it's going to be worth a million dollars in the future.
PaulConventionWV
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PaulConventionWV
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I don't really feel comfortable giving away specifics about my account, but let's just say I doubled my salary this month.
PaulConventionWV
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I update on Twitter. Check my sig.
presence
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neither do I but huge *high five*
Honeybadger freeware sold 290 and hasn't reentered yet.
Honeybadger marketplace is still holding. Mostly because MA30 isn't x% higher (less than half the threshold) than MA150 yet in this 2>30>60>90>150 Green Dragon. There are no longer any hold "timers" only hold criteria.
I suspect re-entry at 278 will prove profitable.
Honeybadger will stoploss if 12h ma2 < 12h ma30 + threshold
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presence
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well this corrected that "extreme velocity" 0.0105 is no longer a fractal target.
I'm currently on the wrong side of the ball; but I'm still looking for a bounce to <013 <$4
I'm still banking there largely due to 4h OBV; I'll post a chart in a sec.
If it happens great. If not I'm not panicking here.
When things are 5X up 1/3X down volatile you have to handle deep 25% drawdown in either currency and asset sense with steel balls, else you'll get toasted chasing the dragon.
Holding BTC.
Headed to work.
Honeybadger opensource on ltcbtc
Honeybadger marketplace on btcusd
I'm currently on the wrong side of the ball; but I'm still looking for a bounce to <013 <$4
I'm still banking there largely due to 4h OBV; I'll post a chart in a sec.
If it happens great. If not I'm not panicking here.
When things are 5X up 1/3X down volatile you have to handle deep 25% drawdown in either currency and asset sense with steel balls, else you'll get toasted chasing the dragon.
Holding BTC.
Headed to work.
Honeybadger opensource on ltcbtc
Honeybadger marketplace on btcusd
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amonasro
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I wouldn't say massive, but I was able to take the family to Mexico for a week on the gains I made from trading the volatility after the crash to $166.
As of now I've made about 20btc this month thanks to the recent uptrend in both BTC and LTC. It could have been much more but I'll take it (damn you LTC). Markets giveth and markets taketh away. It's important to constantly be a student of the charts and work on ways to up your trading game and risk management. It is not easy.
Shout out to Pres all you guys keeping up to date with your trading. It's nice to be around people with a good handle on reading the charts. Good times are ahead, I can feel it
Warrior_of_Freedom
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I woke up today and my bitcoins are now worth like 6% less! boooo
presence
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without a doubt; I'm looking for $425
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green dragon event began; green line is "green dragon resistance" which is calculated slightly different in freeware vs marketplace
In the marketplace version, the purple hold timer expired +/- 20 days after green dragon event began
In the freeware version, the timer expired 5 days after the initial purchase under honey criteria almost a month earlier than the green dragon event began.
For stoploss:
blue 2/30 divergence has to be small enough (slightly different thresholds freeware vs marketplace)
For overbought:
yellow line has to be above green (white area) AND timer has to be expired AND 30/150 divergence has to be big enough
freeware does not have the 30/150 divergence criteria and has a less complex resistance line.
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green dragon event began; green line is "green dragon resistance" which is calculated slightly different in freeware vs marketplace
In the marketplace version, the purple hold timer expired +/- 20 days after green dragon event began
In the freeware version, the timer expired 5 days after the initial purchase under honey criteria almost a month earlier than the green dragon event began.
For stoploss:
blue 2/30 divergence has to be small enough (slightly different thresholds freeware vs marketplace)
For overbought:
yellow line has to be above green (white area) AND timer has to be expired AND 30/150 divergence has to be big enough
freeware does not have the 30/150 divergence criteria and has a less complex resistance line.
Interesting. So it sells if those lines spread further apart with some other criteria I imagine.
Everyone I think is wondering if a double-top will happen somewhere above 300 and then head back down again...
Warrior_of_Freedom
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I wonder what's causing the btc to be flat the last few months, is it'cause ltc is gaining popularity?
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