Hello, everyone! I'm pretty new to Crypto and even newer to Steemit, but I'm very excited to be a part of this community. For my first Steemit post I thought I would post a screenshot of my Binance chart for Litecoin (LTC/USDT).
I've been practicing short term predictions with LTC while I wait for it to come back up and catch me. At first I downloaded Robinhood and began trading with a small amount for practice. I followed along with the chat and admittedly started to get comfortable accepting advice from the chat there. After selling the pullback at 89.35 for a profit, one user had me second guessing and the FOMO (fear of missing out) pulled me back in at 88.22 where I am now hodling. That was humbling, so I hopped off the chats and started doing my homework!
When I began pitchfork trading, I pitchforked every high-high-low and low-low-high, then hid most of them for the couple you see here. Right now I'm watching to see if we will fall through support on the .786 Fib line or bounce up.
My judgement of the 1 day time frame with the Fib retracement lines is that after going down and testing the resistance it should follow with a nice incline in price. I am currently set to buy back in at 75.35, which would be right after it breaks the dark blue resistance line. Note that the line in question is a line I drew and not a Fib line.
But I think it's about time to get back to my homework and I'll try not to be mesmerized into watching those candlesticks fill out :)
Let me know what you think or which crypto you're currently following!