Hello fellow traders!
Thank you so much for your lovely comments and appreciation for my charts I really hope they helped you to be inspired and develop your own profitable strategies! :)
It was a wild day for LIT for sure, so volatile to BTC price movements, our bullish momentum to the moon got halted but we will recover ;)
Yesterday I was certain that BTC Dominance will surge and all the alts will bleed heavily that's why I decided to sell my LIT at $14.5 and buy it again at a lower price.
But when I saw some bullish signs I FOMO in and bought it back at $13.7 and that was a big mistake, FOMO is our worst enemy, it creates stupid excuses it bypasses our logic and our well thought strategies.
To improve our skills we need to acknowledge and learn from our mistakes
The most strategic price to bought back LIT after the $14.5 top would be at $12.5, at $12.5 was and still is a great support zone
At the moment we need to regain control at the $12.5 to $14.7 zone and all the micro zones in between and then consolidate with confidence above the $14.5 level, after this a healthy pump to $16.7 is very likely.
All the above are possible only if BTC let us, we need a steady BTC price action, not to disappoint you but BTC is at a critical level...
BTC gets rejected at $50k ? we dump...
BTC surges above $50k ? We also get dumped...
lets face it, BTC close to $50k has all the traders attention.
Always have the BTC dominance chart on when you trade altcoins (Tradeview search ''BTC.D") , also pay attention to BTC price action, trading alts when BTC is at critical levels is tricky
keep fomo and fud under control, as long we are above $12.4 - $12.5 we are at healthy levels but even if we fall below we will recover, buyers are in, Letentry is gaining popularity in social media.
Very bullish for our little gem
Cheers!
Thank you so much for your lovely comments and appreciation for my charts I really hope they helped you to be inspired and develop your own profitable strategies! :)
It was a wild day for LIT for sure, so volatile to BTC price movements, our bullish momentum to the moon got halted but we will recover ;)
Yesterday I was certain that BTC Dominance will surge and all the alts will bleed heavily that's why I decided to sell my LIT at $14.5 and buy it again at a lower price.
But when I saw some bullish signs I FOMO in and bought it back at $13.7 and that was a big mistake, FOMO is our worst enemy, it creates stupid excuses it bypasses our logic and our well thought strategies.
To improve our skills we need to acknowledge and learn from our mistakes
The most strategic price to bought back LIT after the $14.5 top would be at $12.5, at $12.5 was and still is a great support zone
At the moment we need to regain control at the $12.5 to $14.7 zone and all the micro zones in between and then consolidate with confidence above the $14.5 level, after this a healthy pump to $16.7 is very likely.
All the above are possible only if BTC let us, we need a steady BTC price action, not to disappoint you but BTC is at a critical level...
BTC gets rejected at $50k ? we dump...
BTC surges above $50k ? We also get dumped...
lets face it, BTC close to $50k has all the traders attention.
Always have the BTC dominance chart on when you trade altcoins (Tradeview search ''BTC.D") , also pay attention to BTC price action, trading alts when BTC is at critical levels is tricky
keep fomo and fud under control, as long we are above $12.4 - $12.5 we are at healthy levels but even if we fall below we will recover, buyers are in, Letentry is gaining popularity in social media.
Very bullish for our little gem
Cheers!
Litentry is very volatile because of its small cap
we broke below the $12.5 support, this chart failed.
As soon as BTC Dominance drops a bit we will recover above $12.5
until BTC finds its new price above $50k every alt-coin chart analysis is irrelevant to return to normal conditions it could take some days
Its annoying... but its all about BTC
in our case, patience rewards
Cheers! :)