BTC Prepping for $40k, LTC Golden Cross, Margin Trading

BTC Prepping for $40k, LTC Golden Cross, Margin Trading

With bitcoin’s $5k drop and $4k recovery, we are in a bullish consolidation. When we get out we should be ready to hit $40k! It’s amazing that people can take a long in bitcoin, be correct, and still lose all of their money. So many people got liquidated yesterday from longing BTC with leverage. I don’t know why people think that an asset that has tripled in the last 4 months isn’t making them enough money. Keep position size small and DON’T trade crypto on leverage! That’s insane!


Litecoin is going to have a golden cross this week. With the consolidation that we have seen for the past few months, this should be a good opportunity for LTC to fly. We have two categories of alt formations. The first is a slow rise after a long descent. The second is a volatile struggle. Both are showing signs of a turn in the market. It should be an interesting week next week!

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