PsychedCrypto

PsychedCrypto

I will discuss why I think LTC is a viable hedge against Ethereum and Bitcoin going into Q1-Q2 2021. The market is currently being pumped by institutional investors trying to get a small exposure to the "blue chip" of the cryptocurrency market. This has led to the utter domination of BTC and ties into the main caveat of my thesis. This analysis is dependent on...

PsychedCrypto

Nice set up for a good r/r. Also good long entry in my opinion.

PsychedCrypto

Just my opinion.

PsychedCrypto

Update since my initial entry around $45, bullish holding my swing trade position, and have been adding in on deviations. Bullish bias continues will litecoin. Just my personal opinion on the matter.

PsychedCrypto

Could see more consolidation if buy volume doesn't come in, but currently looking strong. Please consider leaving a like and following the account for more psychedelic pharmaceutical TA. Just my opinion, I can be wrong please do not trade without evaluating your own opinion. On the fundamental side, MindMed Conference Call went excellent. They are on pace with...

PsychedCrypto

Since the last time I reviewed XTZUSD we saw a breakout and retest on the upper trend line 3 times before making it's first higher high and higher low. We are currently in a crucial moment of whether we can close/hold above ATH in order to continue moving higher. I believe the most likely scenario would be another retest on the upper Fibonacci retracement before...

PsychedCrypto

I have recently discovered a new sector of speculative investing. Psychedelic Pharmaceuticals are beginning to see investor interest after MMED a few others in the sector went public. I highly suggest everyone to DYOR to formulate your own decision on the sector/company. In my opinion, I believe we will be ranging in price for next couple of months to a year while...

PsychedCrypto

*Disclaimer* This is just my personal opinion on the market. Please due diligence before investing in highly speculative assets. Not financial advice. With BTC reaching heavy resistance, we are starting to see a lot of money flow back into altcoins. Litecoin's RSI is currently trending upwards towards the mid-level which has formed a weak bullish divergence....

PsychedCrypto

Stong bounce on the upper trendline. RSI also had a strong bounce off support. Lots of buy-side volume pouring in as well. Once XTZ breaks and holds the last line of resistance parabolic price discovery is imminent. Follow me on twitter for more updates, discussions, and memes! @PsychedCrypto

PsychedCrypto Updated 

Needs to break and hold above resistance and moving average. BB squeeze and triangle indicating move coming soon. If it breaks up, looking for a small pullback around $2.68 and potentially longing if there is a lot of strength. TP at $2.89. THIS IS ONLY Technical Analysis. Fundamentals are probably more important.

PsychedCrypto

BLU managed to break key resistance and has now closed above it. Looking for some consolidation around this level in order to push price higher. MA should carry it up as long as it remains above it. Congrats to everyone that got in! Feel free to leave a like on the post if this helped you all out, cheers! Twitter: @PsychedCrypto