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I agree to a large extent that for every halving, there's a potential pump and price appreciation. However, just like I've said in an earlier post, there's always an element of surprise in the market. Unlike previous halvings, this one might just be different either because the overall market trend is bearish or people are not hyped enough to buy into the pre-halving. There are new trends as well, people might have moved to new trends like the rising brc-20 et-cetra...
I agree to a large extent that for every halving, there's a potential pump and price appreciation. However, just like I've said in an earlier post, there's always an element of surprise in the market. Unlike previous halvings, this one might just be different either because the overall market trend is bearish or people are not hyped enough to buy into the pre-halving. There are new trends as well, people might have moved to new trends like the rising brc-20 et-cetra...
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Litecoin Halving
#Litecoin halving is the hype topic now. Lets take a look at how price reacted to previous halvings.
The first one happened in August 2015 - although it led to 67% growth it ended up on the same day leading to 52% drop. On higher timeframe that halving didn't change a thing as #LTC price was moving sideway till April 2017.
Second halving was on August 5th 2019 - price grown steadily towards that event, but 1.5 month before it found the top and by the moment halving happened it was in downtrend that lasted half a year.
Next halving is on August 3rd. Zone around 103-107 has lots of stops above and so attractive for revisit. That move should take price to 115-119. Less possible but still realistic target zone: 170-182.
Overall I don't think Litecoin halving has any strength to influence price on its own. LTC depends on #BTC price action first of all, while BTC depends on DXY and stocks market. Therefore while LTCBTC price is pumping we can see that BTCUSDT is having hard times now and no sense in counting on LTCUSDT to do any magic till global market turn bullish again. So I stick to #Bitcoin halving cycles and idea that real bull market will start only in 2024.
The first one happened in August 2015 - although it led to 67% growth it ended up on the same day leading to 52% drop. On higher timeframe that halving didn't change a thing as #LTC price was moving sideway till April 2017.
Second halving was on August 5th 2019 - price grown steadily towards that event, but 1.5 month before it found the top and by the moment halving happened it was in downtrend that lasted half a year.
Next halving is on August 3rd. Zone around 103-107 has lots of stops above and so attractive for revisit. That move should take price to 115-119. Less possible but still realistic target zone: 170-182.
Overall I don't think Litecoin halving has any strength to influence price on its own. LTC depends on #BTC price action first of all, while BTC depends on DXY and stocks market. Therefore while LTCBTC price is pumping we can see that BTCUSDT is having hard times now and no sense in counting on LTCUSDT to do any magic till global market turn bullish again. So I stick to #Bitcoin halving cycles and idea that real bull market will start only in 2024.
My Favourite Memories With Cryptocurrencies
#feedfeverchallenge
One of my favourite memories with cryptocurrencies was when I just started my journey. What I engaged in was arbitrage and otc-p2p, even though I did not know it had a name. I would buy #BTC from a vendor and send to a local exchange to sell. I made quick bucks from it so I continued the whole process because it made me money. Unfortunately, I did not know anything about #kyc and trading limits or account types, so I traded up to my account limit and could no longer use
One of my favourite memories with cryptocurrencies was when I just started my journey. What I engaged in was arbitrage and otc-p2p, even though I did not know it had a name. I would buy #BTC from a vendor and send to a local exchange to sell. I made quick bucks from it so I continued the whole process because it made me money. Unfortunately, I did not know anything about #kyc and trading limits or account types, so I traded up to my account limit and could no longer use
#technicalanalysis usually called TA is the art of using past price data to project future price movements.
From my estimations, TA is an extension of the degree of responsiveness of human behaviour to changes in the prices (either to the up or downside) of an asset. Some people also call it the footprint of the market. This footprint is usually represented with candlesticks and demonstrated on charts with different timeframes.
In all your (TA) doings, analyse #BTC because it has proven overtime to be the underlying element in the demonstration of the effectiveness of your TA.
Have you wondered why if #BTC starts pumping, most altcoins start dumping and vice-versa?? Well I have thought about it, and I think it is because the ultimate aim of trading "in the actual sense" is to acquire more #BTC . Let me know what you think...
From my estimations, TA is an extension of the degree of responsiveness of human behaviour to changes in the prices (either to the up or downside) of an asset. Some people also call it the footprint of the market. This footprint is usually represented with candlesticks and demonstrated on charts with different timeframes.
In all your (TA) doings, analyse #BTC because it has proven overtime to be the underlying element in the demonstration of the effectiveness of your TA.
Have you wondered why if #BTC starts pumping, most altcoins start dumping and vice-versa?? Well I have thought about it, and I think it is because the ultimate aim of trading "in the actual sense" is to acquire more #BTC . Let me know what you think...
Tips On How To Make A Successful Cryptocurrency Trade While Exercising Proper Risk Management
#feedfeverchallenge
Making a loss is a constant for every investor, however with risk management an investor's profit will outshine his losses. In crypto trading, the golden rule for investors is to protect their capital at all costs. We'll do an expatiate, but first let's break the whole thing down.
What's a Trade??
Trade is simply buying and or selling of any commodity, and in this case, we buy and sell cryptocurrencies (usually to make profits). In every transaction that takes place, the
Making a loss is a constant for every investor, however with risk management an investor's profit will outshine his losses. In crypto trading, the golden rule for investors is to protect their capital at all costs. We'll do an expatiate, but first let's break the whole thing down.
What's a Trade??
Trade is simply buying and or selling of any commodity, and in this case, we buy and sell cryptocurrencies (usually to make profits). In every transaction that takes place, the
HOW TO #DYOR
#FeedFeverChallenge
This article tackles:
The importance of DYOR.
Ways of practicing DYOR before investing in cryptocurrencies.
Before I set the ball rolling, let's recall an earlier feed where I talked about DYOR, I'll drop the link for reference purposes.
https://www.binance.com/en/feed/post/356265?ref=39939772&utm_campaign=app_share_link
If you look closely at the afore-cited media, Binance explicitly added it to her disclaimer. So what is this DYOR everybody seems to be using?. DYOR i
This article tackles:
The importance of DYOR.
Ways of practicing DYOR before investing in cryptocurrencies.
Before I set the ball rolling, let's recall an earlier feed where I talked about DYOR, I'll drop the link for reference purposes.
https://www.binance.com/en/feed/post/356265?ref=39939772&utm_campaign=app_share_link
If you look closely at the afore-cited media, Binance explicitly added it to her disclaimer. So what is this DYOR everybody seems to be using?. DYOR i
Who is Satoshi Nakamoto
Who is Satoshi ??
Satoshi Nakamoto is the pseudonym used to replace the identity of the person or group of persons who designed the Bitcoin on the Blockchain network. It is therefore obvious that the person(s) behind this great technology have - hitherto - decided to guise their identity, which on the one hand is a catalyst for Bitcoin's adoption while on the other, it destroys the belief in such a potential technology.
The mystery man or men have gotten a lot of traction so that analysts hav
Satoshi Nakamoto is the pseudonym used to replace the identity of the person or group of persons who designed the Bitcoin on the Blockchain network. It is therefore obvious that the person(s) behind this great technology have - hitherto - decided to guise their identity, which on the one hand is a catalyst for Bitcoin's adoption while on the other, it destroys the belief in such a potential technology.
The mystery man or men have gotten a lot of traction so that analysts hav
The Truth No One Else Might Tell You
The core of crypto currency revolves around the Blockchain Network, understanding it is enough leverage for you. You're still early.
)The crypto market promises you nothing, so you must expect everything, the good the bad and the ugly.
There are profits as well as losses, but a lot of us are too blind to agree to this. We just want to believe that everyday we make profit, it's not so in this space. From my experience, I have come to understand that making a loss is a constant for every trader,
)The crypto market promises you nothing, so you must expect everything, the good the bad and the ugly.
There are profits as well as losses, but a lot of us are too blind to agree to this. We just want to believe that everyday we make profit, it's not so in this space. From my experience, I have come to understand that making a loss is a constant for every trader,