Coin Telegraph
GOOD AFTERNOON STEEMIT!
The fact that STEEM is ripping higher recently, has allowed me to keep my sanity after selling my Ripple. and watching it run away further without me taking my own advice to BTMFD!
We just have to remember that we can't be in them all and unfortunately we can't actually tell the future. Just have to be content with a trader's mindset of taking chunks out of the middle because it's not going to continue this bull run forever. I know that might be hard to picture right now, but it's not.
Manage your risk!
As I've spoken about before, I've been using this holiday conditions pullback to build back my Bitcoin and Litecoin holdings. It's alt season, sure, but underestimate Bitcoin at your own peril. It will have its day again and I want to make sure I'm not totally overexposed in alts.
But looking at both the Bitcoin and Litecoin charts today, there's definitely one that looks better than the other. Can you spot which one it is?
Bitcoin
We've been watching this Bitcoin triangle for a while now, viewing this pullback in Bitcoin as just a healthy bull market retest of previous resistance as support.
Take a look at the updated daily chart today:
BTC/USD Daily
With price starting to break out, I'm just waiting for some momentum to kick in as buy stops start to get triggered. Maybe something just above the $16,000 swing high level and it could be above $20,000 before we know it.
It just feels like this next run is imminent.
Just me?
Litecoin
Litecoin on the other hand, I'm starting to get a bit nervous...
I personally have huge expectations for Litecoin, due to its ability to be used in real world transactions in a faster and easier manner than any of the other big coins. But from a technical point of view, Litecoin has been capped by intraday previous support turned resistance.
Take a look at the daily here:
LTC/USD Daily
It certainly feels heavy intraday. I want to stay positive because from a fundamental point of view, I can see it going on a massive tear in 2018, but for now, I'm just not sure...
So come on, you tell me. Which would you rather be in and why?
Let's talk Bitcoin and Litecoin!
Peace.
Please leave a comment with your ideas or just share a chart.
Blogging about markets is all about sharing ideas and making us see all possible angles. I look forward to having you follow along and reading what you throw at me.
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