The Litepresence Report on Cryptocurrency

I'm guessing we are going up at least to $5/ltc. Any traders out there know of any sectors or indexes that are very positively or negatively correlated to LTC or BTC? Or maybe a commodity or stock for that matter?

All of the BTCe alts are very positively correlated to LTC: PPC NMC NVC.

see post 3834
http://www.ronpaulforums.com/showth...yptocurrency&p=5927034&viewfull=1#post5927034

Also. There is the correlation that when BTCe price is greater than other exchanges, buy LTC.


If btcusd at btce > stamp and finex, buy ltcbtc, else sell ltcbtc
 
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2h finex ltcbtc

dO9GII2.png



Expect support at 0151, resistance at 0165; affirmed support at 0155

Then

036
 
Sold 017
Back in 0155-0159

Fun.

Edit: Trying to keep my excitement to a minimum right now as we go thru this. Superstition.
 
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As I was posting we hit a low of 01506.

Next march to 0165 overnight

seems the overnight high was only 01637; I missed my short trip to 0155... no worries; I only like to play shorts if I can be banker man on the wide sides of the margin on long candle wicks :D

hodling 01595 last ; expecting a strong show of support at 0155


also still holding DRK at 01300


Which pops first?


New money moving into crypto. Finex at 292 this morning. Honeybader Pro still holding from May 1 @ $235. BTCUSD "Green Dragon" continues.


A portfolio of BTCe and Bitfinex Alts is a good place to be here.
 
Wow, found one in Chapel Hill, N.C. When I get to that point, you guys will have to tell me how to use an atm. Right now all my coins are stored at coinbase.

Depending on how much you have, it may be worth the effort: one in Lancaster, PA claims 0% Fees, and no limits.

Sounds too good to be true though.
 
Both LTC and BTC popping upwards.

Even if there was a chance of a big double top at $315, I don't think there would be enough ammo to take it down. Seems as if a handful of whales are in control of the majority of available coins and they don't plan on selling here.
 
Where is the rest of RPF?

I want more rich libertarians in here. You really want Nasdaq, NYSE and Goldman Sachs to be alone at the top again?

:p
 
How do you place your stop loss limits?

Strategically, below support. Often the final shakeout in the trading range (before the price rockets back up) will hit stops just below support. Market operators do this so the stops fill their buy orders and tempt the short sellers.
 
Where is the rest of RPF?

I want more rich libertarians in here. You really want Nasdaq, NYSE and Goldman Sachs to be alone at the top again?

:p

I'm still around, lurking.

Not wanting NYSE/Nasdaq to be alone at the top isn't necessarily a good reason to invest in crypto. That said, I am invested in crypto and have been holding mostly BTC for awhile now, and am also holding a smaller amount of DASH, LTC, and XCP which I think are all likely to follow BTC possibly several times over in either direction. I do think more people need to get into crypto for the sake of crypto though and not for the sake of technical analysis trading. But in that regard it is kind of hard to bring people in, even in the liberty movement.
 
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