Litecoin chart-doodles 2019-03-03
Updated
Just some quick personal notes.
New "absolute zero point" is now about 30 USD. It will be extremely unlikely the price will be able to stay below 30 USD for long, if it ever hits down there again. Anything between 30-50 USD would now be considered a great entry point.
Patterns in several charts seems to indicate a potential rally attempting to ignite, with a minor parabolic end the next coming months. With a potential peak level of the parabolic reaching maybe in June/July 2019. Hard to tell accurate time, due to signs of strongly morphed fractal pattern, morphed heavily in the time-line dimension.
New "absolute zero point" is now about 30 USD. It will be extremely unlikely the price will be able to stay below 30 USD for long, if it ever hits down there again. Anything between 30-50 USD would now be considered a great entry point.
Patterns in several charts seems to indicate a potential rally attempting to ignite, with a minor parabolic end the next coming months. With a potential peak level of the parabolic reaching maybe in June/July 2019. Hard to tell accurate time, due to signs of strongly morphed fractal pattern, morphed heavily in the time-line dimension.
Note
The potential rally might "fizzle out" if weekly Heikin-Ashi candles turn red for more than 1-2 bars. Time will tell. Risk vs Reward is nevertheless extremely high at this entry point.
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