house_md74

The serpent strikes!

Long
COINBASE:LTCUSD   Litecoin
As of the time of this writing, LTC is up 5.39% since 00Z (12AM UTC or GMT), outperforming all of the other cryptos including BTC and ETH. That being said, it IS a sympathetic mover with BTC as is ETH. BTC hit yet another ATH, and the other leading cryptos followed suit. Either way, there was an obvious bull flag just waiting to break out in the time frame shown. 00Z-02Z (or in my case 6PM-8PM Central) seems to be a big mover more days than not, and today did NOT disappoint. Some days, BTC or ETH are the big movers percentage-wise, but then there are days like today where you'd have been better off with LTC. ETH was the big mover for two days in a row a few days back. You just have to watch the market and the trends and let it lead you as to where it's going. Bollinger bands and other indicators (which are all lagging) didn't really matter vs just looking at the charts and seeing what is there... previous resistance/support and previous highs in the higher time frames vs the highs in the lower time frames. Either way, I don't think I'll get the image of the striking snake out of my head ever again!
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