Red descending resistance line is single most important line in #Litecoin chart right now.
Lines up from the top two points after recent peak directly down to the current touch of the smaller descending channel.
Breaking red resistance lines $LTC #LTC 🚀
Without Heikin Ashi candles since I forgot to turn that off for the screenshot #LTC
#Litecoin - Faint ascending trend failed to break out above descending red line. Pretty clear HnS formed.
Likely buying opportunities at $162 #LTC area before another attempt.
I wouldn't long $LTC below that level
That HnS was so clear it was invalidated ! haha
Got a dinosaur pattern playing out now. Or Camel.
And back above the recent ascending trend line - just dipped below it to threaten the HnS
On the Daily, #Litecoin looks like it's already broken above the downtrend line and is testing it for support.
I see a sell wall on Kraken at ~$182.50 $LTC, need to see that removed or eaten away by new bids. #LTC momentum in next days likely relies on #Bitcoin, and Fed on Weds
Someone asked why the daily angle hits a different area than the lower time frames - it's because I am using a logarithmic view of the price; I find that trends tend to line up more often on log than linear for most of the digital assets I look at.
Here's how it looks on linear
"Isn’t this just the kind of article our biomechanical overlords would simulate in order to keep us compliant in our pods?"
Some intriguing responses here...
What do you think? How do we know we're not living in a simulation? @elonmusk thinks it's likely.
"Michio Kaku has an answer to this – basically because the smallest size of 'computer' needed to run a simulation of the universe is … the universe, it’s more logical that we are not living in a simulation."
... But the PC that plays GTA is not bigger than the game world. ...
Yeah this is a proper response
"All that’s needed is to run something that looks like the universe from where you (or I) sit. You might think there’s an awfully big universe out there, but [it's just] images on a screen, then all you need is enough power to [display images]