MY
my second "hop hop bum idea" named "hop hop bum, KABOOOM" ideaI hope I am wrong. :D Stay long from 47,50€/LTC but, I have feeling
Reinvigorated Lisk Moon Dreams + Meme Lines + Trading PsychologyI finished psychology 101 at university and I am submitting this chart for my thesis on both realized and crushed moon dreams. The meme lines are a combination of elliot wave and the wyckoff trading method after hours spent staring at this chart perfecting the lines in a dimly lit room accompanied only by the momentary buzzing of my phone as it notifies me of a trading alert due to a breached resistance level and the thick scent of ramen noodles which is the only food I can afford because im still yet to build a profitable trading system which might afford me some variety in the food I eat. The truth is im not a programmer or even a good trader so I don't understand the technical part of this coin but im going to buy this due to feverish shitcoin hype in the main chat. There is also the possibility that shitcoins only recover briefly after the hardfork followed by a continuation of the bear trend in conjunction with a correcting btc over the holiday period. As always trade at your own discretion these moon dreams are risky and at times delusional.
Delusional Lisk Moon Dreams Lisk might face some resistance with this potential rising wedge so depending on your risk tolerance you could try trading it. I doubt I will try to trade any highs because I am completely consumed by moon dreams. I am all or nothing going to take profit at 0.003 and then 0.0045.
I got fucking rekt on cripple with a margin long and in true market autism, traders bought the rumor and sold the news, leaving delusional margin longed moon autists like me, bag holding just in time for xrp to dump harder than someone with chronic diarrhea, liquidating us all. I didn't practice any risk management, didn't use a stop loss and was absolutely shrouded by moon dreams and hype; the end result being fucking rekt RIP. I then closed at the bottom and now thats all said and done ripple might moon for I have bought high and sold low and the whales have successfully taken my btc but i am fucking done with that coin, on to alternative moon dreams now.
So after that background information we can conclude that I am chasing profits but this time trying a more long term buy and hold strategy for these meme coins. As far as I know you cant margin trade lsk like you can bts or ltc which might be a blessing in disguise for me as I am prone to full margin long induced REKT and then venting my frustrations at the expense of everyone in the trading view cryptocurrencies chat.
I am full margin long with bts and ltc and its only my delusional moon dreams keeping me from getting rekt whereas with lisk I cant margin long so I can just HODL indefinitely until it reaches ath at least which I would say has a good chance of occurring because the SDK and rebranding are coming out supposedly in q4. Also lsk is very well funded, has a HQ in the business district of Berlin and is one of the most transparent alt coins ive seen in crypto. I can only see lisk dumping to the lower green lines if LSK is hit with very bad news either before or after SDK. If that should happen depending on the news and the state of crypto and BTC, I would most likely sell my rusty shit car and buy lisk depending on how bts and ltc care going . LTC BTS LSK are my current longs and now I am now 100% in alts. Hopefully I can make back my life savings and get out of REKT status. Good luck and do your own due diligence. Dont trust my trades because im a shit trader. I wonder if I lose everything by next year and am back working for minimum wage.
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VTNR: Vertex Energy at 2.618 fibAfter a monstrous 160% increase in the last quarter, price reached 2,618 fib.
No need to chase here, even after the run was backed by super volume. Last week's bearish wick almost erased, but the volume was 1/3 less. Nice base areas little above 7 and little lower than 6$ in the daily chart, may provide an entry if intraday or day PA show buying pressure.
Long term view is a beauty. A break upwards from a 6 years old base, more often than not, hints at a lot of upside in the future.
Needs to cool down a bit, revisit 10MA or even 30MA, and build a healthy come back towards the 75-55$ highs of 2007
Earnings report May 13th
Cheers
Panos
