what goes up (fast) must come down.
I'm still long-term bullish on LTC so I hesitate to sell, but I'm making strategic moves around these points.
There's still a half-million $USD buy wall at $26.58, lingering like some big money that knows something.
The GDAX order book has the same volume from here to $50 as it has for here to $30. It's a healthy V shape, but leaning more on the sell side at the moment.
That combined with the RSI tell me we are heading soon to a correction of this spike.
Trade with care--I'm not a financial advisor or investment professional. Do what you will but if in doubt, #HODL.
Also, I'm sick today so I might be totally delusional--probably shouldn't even be looking at this stuff ;)
I'm still long-term bullish on LTC so I hesitate to sell, but I'm making strategic moves around these points.
There's still a half-million $USD buy wall at $26.58, lingering like some big money that knows something.
The GDAX order book has the same volume from here to $50 as it has for here to $30. It's a healthy V shape, but leaning more on the sell side at the moment.
That combined with the RSI tell me we are heading soon to a correction of this spike.
Trade with care--I'm not a financial advisor or investment professional. Do what you will but if in doubt, #HODL.
Also, I'm sick today so I might be totally delusional--probably shouldn't even be looking at this stuff ;)
Comment:
riding the waves
Comment:
looks like we are heading down the first line. Updated chart with new targets. I've got recollection/accumulation buys at the 38-36 range (picking up more LTC for the next ride up)--expecting those to fill. Then I've got crash catchers buying all the way down, just in case (as always).
