I don't know. I did a spread from 0156 to 0115
The Litepresence Report on Cryptocurrency
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I don't know. I did a spread from 0156 to 0115
amonasro
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They want the supply and weak hands out if the market so it's cheaper to mark up. Look for retests of the range lows until most red volume dries up. Then buy.
Which time interval? Mind drawing "range lows"? You just mean 012 or earlier?
https://puush.me/
This is really handy for taking quick screenshots to post online with as few clicks as possible...
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amonasro
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Here's what I'm seeing... this is an incomplete Wyckoffian analysis at the 2h dissection. Not enough evidence to sell short yet. As with anything TA related it is fractal in nature and larger timeframes take precedence. On the daily chart LTC is only on the secondary test (on low volume; a telling signal).
The story of reaccumulation is that there's overhanging supply that needs to be absorbed before the market can move up again. Rather, the market makers don't want to waste money on a rally if everyone is going to sell into it. So most of the selling and weak hands need to be removed.
Legend:
Preliminary support (PS): First evidence of buying entering market.
Selling climax (SC): High volume action with wide candle spreads as supply overwhelms the market. The price recovers and closes well above the low indicating high quality demand.
Automatic rally (AR): Fast and furious rally that corrects the SC, often fueled by short covering. The PS, SC and AR set the boundaries of the trading range.
Secondary test (ST): Retest of range lows. Volume is very important as it indicates how much overhanging supply is left.
As the range works itself out, volume tends to diminish as supply is absorbed. This sets up the test where the price can break in either direction. A break to the downside is preferable for a sustained rally as it removes more selling and invites retail to short. These are springs and shakeouts. The lower the volume, the better chance that the price is ready to move back up which occurs in phase D, the jumping of the creek. Phase D is a strong rally where supply has been removed, weak hands have folded at a loss and the stock is held primarily by strong hands waiting for higher prices.
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Dianne
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I woke up to my buy order being filled at .01325. I don't know if I should be happy, or crying.
PaulConventionWV
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Looks like you're in the green so far... that is if you didn't panic already.
Dianne
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I'm still in. I get the impression presence is somewhat bullish so I'm going to hold on. I think this weekend may be a blood bath though.
PaulConventionWV
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You may be right. I don't know what's going to happen with LTC, but I do know that, sometimes, holding on can be a good thing. I held my $7.73 litecoin short even when it went to $8.97 because I knew a correction was due. Right now, I'm just watching from the sidelines.
Dianne
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Just set new low for the day at .0123.
presence
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There is NOTHING worse than being completely correct but having failed to believe in oneself.
Such fail.
Crypto long.
Panic hodling 0163.
I really need to quit my construction gig and move to crypto full time.
It will bounce.
Until then....
I'm contracted to frame two staircases.
No quant till we're back on the top side of 0163.
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Keep the job and use Bitwage.
https://www.bitwage.co/
You can connect Xapo and Bitreserve to it now.
There is also BillPayforCoins. They also work with LTC. (edit: ooh I see they have a Debit card now too)
https://www.billpayforcoins.com/
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Paul, since you are in China you can get the Xapo card right away. I envy this. I'll just keep using WageCan for now.
presence
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I will say this. This is not me hype pumping my bags... had I not been pouring concrete foundation and setting pressure treated sill beams all week... if I had time to trade, the quant in me would have been on the ball and buying right here. The overworked and tired in me said fuck it. Because:
at 0119 last: I don't care how much you paid or how much you can afford.
Right here you buy/hold litecoin and ride it to hell if need be; because this is the point of highest probability 7 day gain you'll see in the next year.
at 0119 last: I don't care how much you paid or how much you can afford.
Right here you buy/hold litecoin and ride it to hell if need be; because this is the point of highest probability 7 day gain you'll see in the next year.
Warrior_of_Freedom
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I think I bought BTC at the wrong time
presence
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the puncture wound I now have in my ledt index dinger agrees.
two damn dine lookinf stair cases though.
Watch RIGHT this second. Jump between the 15m, 5m, 3, 1m
You are in profit right now.
EDIT: we need a live chatroom
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