Is the crypto winter over?

semperfrosty said:
Quick question John,if you have time.

Thoughts on LTC as an investment alongside BTC.Does it make any sense? With LTC being a fork should I really be all in on BTC instead?

I think I would keep ETH as I see a different sort of future/application there.
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I don't follow LTC much, but I used to have a bag of LTC

My comment on investing on LTC is that it does not have payments adoption like the Bitcoin LN is being used in many countries outside of the US

Also, LTC is not used as a collateral asset in defi, for example I can get a LTV up to 80% on my bitcoins using crypto assets banks on the blockchain (i.e. AAVE, Venus, etc)

But LTC has a big following in Asia (China) so that's why the price has stayed high
 
johnarb said:
I don't follow LTC much, but I used to have a bag of LTC

My comment on investing on LTC is that it does not have payments adoption like the Bitcoin LN is being used in many countries outside of the US

Also, LTC is not used as a collateral asset in defi, for example I can get a LTV up to 80% on my bitcoins using crypto assets banks on the blockchain (i.e. AAVE, Venus, etc)

But LTC has a big following in Asia (China) so that's why the price has stayed high
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Great! Thanks.
 
schizo said:
Flipping back to short from little above 28,000

Stop loss placed at 29,500.
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Did you get stopped out or are you adding to your short btc position?


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johnarb said:
Did you get stopped out or are you adding to your short btc position?


View attachment 311438
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schizo said:
Flipping back to short from little above 28,000

Stop loss placed at 29,500.
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Yup sure enough. Man, that took FOREVER! Kinda glad that I got stopped out. :) I had an inkling last night that we might break out today, but knowing this thing with all its head fakes I decided to just stick it out. Anyway, unlike my previous forays, I didn't flip back to long this time. We're too damn close to 30K and I also believe I can get a better price when it retests 28600, which I think it will.
 
schizo said:
Yup sure enough. Man, that took FOREVER! Kinda glad that I got stopped out. :) I had an inkling last night that we might break out today, but knowing this thing with all its head fakes I decided to just stick it out. Anyway, unlike my previous forays, I didn't flip back to long this time. We're too damn close to 30K and I also believe I can get a better price when it retests 28600, which I think it will.
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Yea, that 28,600 resistance was the hardest one to crack! Scott Melker and other technicians said that was a big support on the way down and broke because of the FTX sh*t stuff

I also heard the same technicians say that 30k was not a major support on the way down so it would not be a big resistance now as we approach it tonight

We shall see
 
johnarb said:
Yea, that 28,600 resistance was the hardest one to crack! Scott Melker and other technicians said that was a big support on the way down and broke because of the FTX sh*t stuff

I also heard the same technicians say that 30k was not a major support on the way down so it would not be a big resistance now as we approach it tonight
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The next resistance is actually around 33K, but 30K being a major round number ya never know what could happen. Anyway, 28.6K goes way back, long before the FTX sh*t flew in everyone's face.

BTW, for the record, my long is resting at 28,800

WEEKLY
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