lewistz
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LTC - Doldrums - Possible Short at channel support

BITSTAMP:LTCUSD   莱特币/美元
LTC/USD holding very steady at big support level of 54.00. There is a pretty steady uptrend with LTC/USD as you can see and but we are right at the bottom of the channel support level of 54.00. Short term play I see it slipping some in next couple weeks as BTC             pulls money out of Alts in anticipation of B2X             0.11% . Initiate short at 53.80 target 49.20 (.618 fib extension from sept 15 low) / stop loss 56.20. If it continues to hold at 54 support then I am neutral for now. Big yawn right now in most ALTS mostly, BTC             is taking the air out of the room. Trying to pump the sails a little here, I will admit.
交易开始: Almost hit 49.20, I see about 49.50 being hit, then bounce back up. Lets move stop to 52.40 and keep short in play until 49.20 is hit.
交易结束:到达止损: Stopped out at 52.50 for 2.4% trade profit.
At this point the whales are engaged in full-on market manipulation. Outside of BTC, which has gone full FOMO, the most skilled technical analyst in the world would still be doing little more than gambling in the present market on virtually any other coin. They are intentionally being dumped and pumped en masse over and over again at levels that don't correspond to any Fibo or established supports/resistance lines. Ironically, the currency market created to take power away from 1% has been completely take over by the 1%. And it was never going to end any other way.
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lewistz Box1515
@Box1515, Agreed FOMO and the whales are playing in a thin market where the everyday guy just wants to to hold at least through the segwit2x. Well I guess maybe the best we could hope for is that there is a new 1%, ha. changing of the guard.
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Initiated at 53 79. Off to sleep now excited to see how this plays out could use some excitement !
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