LITECOIN 2ND LONG ENTRY current $55.20 27Oct17

BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
Our previous Litecoin trade was stopped out for -1R, Here is a new trade for long reentry.

Resistance and Support shown.

Sean Vengan
10+ Years Professional Trader and Trading Educator

In trading, there are Winners and Losers. Accept it. If you can't you shouldn't be trading.
We protect our capital with stop losses. Our winning trades eat up our losing trades, with the goal, over a series of trades, to be NET POSITIVE.
Ignore newbies who are uneducated in trading & investing and say "You were so wrong" (we as traders know, a loss is insignificant over a number of trades).
Always factor in "WHAT IF I LOSE MONEY ????"

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Hi, The market is bullish... cryptos are sending good vibes.... ppl have come out of the negative fears... money is flowing in again... still Ether and LTC, which are the next best giants after BTC is not moving even a bit. What goes up one day comes down the next day. This has been happening for a while now. We never see this kind of pattern or behaviour in all the top stocks at the same time. Is there anything to explain this. I would be happy to see your reply on the same. WHEN and WHAT do you think will really kick start the bullish trend again?
+3 Reply
SEAN_VENGAN girishgopinath
@girishgopinath, My only comment is that the Bitcoin market is extended as shown by all my analysis.

You, of course, are entitled to your opinion as above that: "The market is bullish... cryptos are sending good vibes."
+3 Reply
girishgopinath SEAN_VENGAN
@SEAN_VENGAN, Thanks a lot for replying. Now I got where I am wrong. I am new to these kinds of graphs and investment analysis. Your inputs are really of value to me. Thanks again.
SEAN_VENGAN girishgopinath
@girishgopinath, Your welcome I will soon which will make it clearer for you
monguilhot girishgopinath
@girishgopinath, Sorry to invade SEAN post. But its simple, to enter in the CRYPTO party, you most need to buy BTC. Yes, you can buy XRP and ETH in some places, but BTC is the "name", and to trade all of 1000 cryptocoins you will need BTC to start dancing.
+1 Reply
girishgopinath monguilhot
@monguilhot, I totally agree. Thats why Ether took the hit when ICOs were banned. But if people are buying BTC for buying other altcoins, they would ideally do the transfer immediately. This is not the case since its not affecting the altcoins yet. So maybe ppl are just buying and holding BTC as such for the free BTG. Please correct me if I am wrong.
monguilhot girishgopinath
@girishgopinath, That was the last moviment... No NEW FIAT money from experienced investors, just holding to get BTG. Personally, I had made some money with that FORK. But now, like everyone I had sold ALL my BTG, its time to ALTCOINS recovery... the market is open with great opportunities
Hi Sean, thanks for sharing your insight.
I would love to join your Telegram or Slack group as well. As always, appreciate your contribution to the community :)
+2 Reply
SEAN_VENGAN nueijeel
@nueijeel, Thank you @nueijeel. I will Pm you to join the Group
+1 Reply
Hi Sean! Love your work. Do you hink technical analasys works better crypto/usd rather than alt/btc? Because you have to consider only one part being volatile?
+2 Reply
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