LTC continues to live up to it's rep, which is garbage of course. Bulls have lost control for the short term. Description is on the chart with long & short zones defined.
I am still long from the Bullish Accumulation Zone, however I do recognize that the very squeezed bears are going to push back again soon. Shorts will arrive in force at 255-260 if it can get there. However I have a feeling those shorting will already be underwater and they are doing so to push down and break even. If so the Bullish market makers can very easily...
Price is in a long boring wedge. Looking to long a breakout or short the break down, it is in far too much of a chop to be worth getting in a position now. It is currently making the first steps of a bearish motion, but I am out of this until the wedge breaks.
Description here: www.coinstreetnews.com Short term nearly ready to short. Long term l still loads of long potential.
Friday night, time for some shenanigans, and boy does this chart ever scream it.
sure, why not go long! 1D trying to break above trend. MACD is meh, but the buy volume of the last 2 days is the highest volume in a while. since so many other alts are moving and it is not, averaging here is decent.
Almost time to go long....waiting. Explanation here: www.coinstreetnews.com
description here: www.coinstreetnews.com
Description here: www.coinstreetnews.com
There is a FOMC meeting in June and a rate hike is expected......"expected". The only thing we can expect is that the Fed can not be predicted as to what levels they will stoop to to keep pumping the USD. Logic says wait for some green and buy around the meeting for a rise do to a hit on the USD. reality has shown that no matter what is expected the USD stays...
sure why not. it's at the breakout pivot now. eyes on the prize. www.coinstreetnews.com twitter.com
I dunno, who cares anymore anyways right. LOL. stuck in a wedge(of course cause it's BTC), if it breaks out the upper black line might be a trend top. Shorting the breakdown.