$LTC I didn't check the chart after that post checked it tod | CRYPTO MECHANIC on Binance Square

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CRYPTO MECHANIC

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$LTC I didn't check the chart after that post checked it today because someone asked. 
I got hate for calling LTC hype a noise. I hope they all are fine. 

CRYPTO MECHANIC

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What is all that noise on $LTC ?
Price is literally doing nothing and getting rejections from the highs.

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You can make money when the market is in uptrend by catching bounces on the way down or playing the continuation of the trend. When price dumps after a big move, it often doesn’t go straight down it bounces. These bounces come from panic sellers getting absorbed and short-term buyers stepping in. They’re usually sharp and short-lived. Once the hype cools off, some coins form a base and continue trending. If momentum is still alive, the coin creates a higher low, consolidates, and breaks out again. The key is to wait for the reaction, not the initial move. Either catch the bounce or position for the next leg.

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Think Altcoins still got strength in these, The charts are a little extended now so chasing at these prices wouldn't be much rewarding for me. I would like to see some consolidations or Pullbacks going into next week to get in. I do have some positions open and i will likely keep these. Will look to add more in pullbacks. (Whenever it comes) If Ethereum continues to catch bids, We can expect Alts continue to perform.

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Got out of my $ETH Trade i took yesterday My plan was to trade it back to the highs and i got it. The htf is still fine and the strength is there. My plan was to play this short term move based on lower timeframe and i did. Will reevaluate and enter again next week.

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$ETH Going well so far.

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The kind of charts you should be looking for if you are interested in buying the dip or interested in buying going into next week. Not just now but this will help you always. These type of charts will give you better returns -Look for structure shift on 1Day timeframe - Use lower timeframe pullbacks for your entry triggers. This is all you need, No need to get into dead tokens with the mindset that these will eventually move. Trade with the flow, That's the easiest way to make money.

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