Long/Short Term Goals - How I made $15,000 in a month
Updated
A lot of the top TA's here realize that their opinions do shift the market sentiment. Some take advantage of their reputation and gain at the loss of others. I hope I can be an honest and transparent reference in the market and want to help others in their journey to financial freedom! There is more than enough wealth in this world to share. In the last month of trading crypto I have made over $15,0000 purely trading LTC, as a complete newcomer to the crypto industry.
There hasn't been a lot of encouragement or rally for this coin so I hope this TA/opinion helps. Learning from my stock investing days...the market desires clear leadership and direction. Yes, it's crypto, it's goal is to be unregulated blah blah blah, but regardless it needs a face to garner the confidence of investors. With the ongoing forks of Bitcoin and the recent news of Bitcoin Classic dev's giving up on the project has led to very interesting times in the crypto market.
The reason why BTC has risen so greatly is the household name entering the crypto market. New capital is entering the market and buy's bitcoin for its household name expecting to get rich quick. With very little understanding of the crypto world/investing/the types of coins and their goals, this has lead to a highly volatile market with great highs and lows.
I have always been a strong proponent of LTC. The beauty of those who do their due diligence will already understand and know of LTC's potential. LTC has already achieved everything BTC seeks to do nearly 6 months ago. It is quicker, cheaper, has clear direction and leadership (charlie lee). With atomic swaps already achieved, lightning network in the pipeline, and better security being implemented, LTC is a sleeping dragon. LTC's price is in direct correlation to the lack of marketing has led to the lack of understanding and knowledge of its true potential. Its code is highly similar to BTC and the switching cost for companies and businesses to switch to LTC for a day to day transaction coin is almost 0.
I have taken this level of analysis approach when I was investing in stocks and it has done great for me.
Trade recommendations:
$55-56.50 or sub is a great buying point.
$65-70 Expected to hit again before end of November
$90-100 Q1 of 2018.
Background on me:
24 years old. I started investing in stocks in Jr. year of College with $2,000. At the time I worked part-time at Chick-fil-A for $8 an hour, so it was basically equivalent to 6 month's worth of work...everything I had. So with $600 left in my bank account, I pushed hard on my path to make sure my $2,000 investment went long ways. A big reason why I wanted to invest was that my dad is on dialysis and is dire need of a kidney transplant. He has been a very successful in business, but it hurt me to see him put his career over his health in order to provide for my family. So investing was my avenue to make sure I made my money work for me and provide for my family, so my dad can focus on his health.
3.5 years later I have averaged over +80% returns year over year and turned my $2,000 into a five-digit portfolio the goal is six digits by years end. I did not day-trade, margins, etc. Purely investing. Most of my stocks have been tech related. Three of my stock picks have been bought out for several billion dollars.
Investment List, my buy in points (SOLD from all these positions 1 month ago moved all into crypto): FB $80, AMD $1.60, NVDIA $25, EA $35, ATVI $25, SHOP $45, BABA $65, MBLY $25, EMES $50, RAI $30, ACBFF $1.50, NTNX $18
Several of my SVP at work have made $40-60k off of my stock picks in as little as 3 months. Currently, helping 15 people learn how to trade and invest in crypto/stocks.
I am not a professional trader. Everything I said above are my personal opinions and I hope you can respect that. So please trade with caution. Learn to psychologically hold the red and not let emotions run your trades
There hasn't been a lot of encouragement or rally for this coin so I hope this TA/opinion helps. Learning from my stock investing days...the market desires clear leadership and direction. Yes, it's crypto, it's goal is to be unregulated blah blah blah, but regardless it needs a face to garner the confidence of investors. With the ongoing forks of Bitcoin and the recent news of Bitcoin Classic dev's giving up on the project has led to very interesting times in the crypto market.
The reason why BTC has risen so greatly is the household name entering the crypto market. New capital is entering the market and buy's bitcoin for its household name expecting to get rich quick. With very little understanding of the crypto world/investing/the types of coins and their goals, this has lead to a highly volatile market with great highs and lows.
I have always been a strong proponent of LTC. The beauty of those who do their due diligence will already understand and know of LTC's potential. LTC has already achieved everything BTC seeks to do nearly 6 months ago. It is quicker, cheaper, has clear direction and leadership (charlie lee). With atomic swaps already achieved, lightning network in the pipeline, and better security being implemented, LTC is a sleeping dragon. LTC's price is in direct correlation to the lack of marketing has led to the lack of understanding and knowledge of its true potential. Its code is highly similar to BTC and the switching cost for companies and businesses to switch to LTC for a day to day transaction coin is almost 0.
I have taken this level of analysis approach when I was investing in stocks and it has done great for me.
Trade recommendations:
$55-56.50 or sub is a great buying point.
$65-70 Expected to hit again before end of November
$90-100 Q1 of 2018.
Background on me:
24 years old. I started investing in stocks in Jr. year of College with $2,000. At the time I worked part-time at Chick-fil-A for $8 an hour, so it was basically equivalent to 6 month's worth of work...everything I had. So with $600 left in my bank account, I pushed hard on my path to make sure my $2,000 investment went long ways. A big reason why I wanted to invest was that my dad is on dialysis and is dire need of a kidney transplant. He has been a very successful in business, but it hurt me to see him put his career over his health in order to provide for my family. So investing was my avenue to make sure I made my money work for me and provide for my family, so my dad can focus on his health.
3.5 years later I have averaged over +80% returns year over year and turned my $2,000 into a five-digit portfolio the goal is six digits by years end. I did not day-trade, margins, etc. Purely investing. Most of my stocks have been tech related. Three of my stock picks have been bought out for several billion dollars.
Investment List, my buy in points (SOLD from all these positions 1 month ago moved all into crypto): FB $80, AMD $1.60, NVDIA $25, EA $35, ATVI $25, SHOP $45, BABA $65, MBLY $25, EMES $50, RAI $30, ACBFF $1.50, NTNX $18
Several of my SVP at work have made $40-60k off of my stock picks in as little as 3 months. Currently, helping 15 people learn how to trade and invest in crypto/stocks.
I am not a professional trader. Everything I said above are my personal opinions and I hope you can respect that. So please trade with caution. Learn to psychologically hold the red and not let emotions run your trades
Note
With BCH going through the roof can anyone confirm that if BTC is Bitcoin Core or Bitcoin Classic? Based on these various articles and references there is conflicting information. I have a couple close friends starting their ICO's and startups revolving around crypto and even they have a difficult time pinpointing the answer.cointelegraph.com/news/bitcoin-classic-shuts-down-as-staff-claim-bitcoin-cash-will-rule-in-6-months
en.wikipedia.org/wiki/Bitcoin_Classic
In my personal CryptoChat Group, I have always preached that LTC is going to outshine BTC due to the inability for BTC dev's and miners to come to an agreement. The correlating result is people buying in for the "free money" at the forks, pumping value and news, and the result is a broken down system. Personally, BTC is a system comprised of corrupt miners, developers and has cost investors $$$, more importantly, harming the reputation/future development of the crypto market.
Regardless I would still stay away from BCH for the long-term battle that will be ensued revolving the Bitcoin name and title. It not something I would INVEST in...but I would trade.
LTC is still my top pick for a long-term investment.
Note
Just another point as to why I believe the "bitcoin family" and ecosystem will fail. Large institutional investors will shy away from undertaking this level or risk for their clients.
Charlie Lee is a great spokesperson and is honest in his opinions of the crypto market and Litecoin. Investors need to start looking at the man/team behind the coin prior to investing.
twitter.com/SatoshiLite?ref_src=twsrc^google|twcamp^serp|twgr^author
Note
Not sure how to post a second chart in this update... still new to TradingView.Analysis:
LTC will hit $61 tonight and there will be a battle between the bears and the bulls.
Until the sell wall at $62 disappears we can see foresee a huge uptick in price. Coming into the weekend I can see us hitting into $64 range. However, a strong support level has to be formulated in order for it create a launch pad to the moon.
We have buyers sitting on the market between $58-54. Their buying power will translate to a bullish run once see some strong purchase volume and pressure which will help elevate the price to our first target point $66.
If you are a long-term investor and you aren't too picky about your buy-in range feel free to purchase sub $60 -55. Take profits at $70-75.
Short-term players: Buy in close to $60 or below. Hold through the small potential dips to $58. Sell 66 and follow the retrace back to $63-62. Buyback in and sell at $72-75.
Timeframe: End of November.
Trade active
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