Hi Friends,
This is more of a long time shot. Based on historic events I have used the ghost bar tool to copy previous formations. Additionally I have connected the RSI to the pattern behavior. The outcome was pretty interesting. To be precise, these are very very possible 4 scenarios in my opinion!.
Optimistic Scenario 1:
Bottom: 00.00685 - 00.00955 LTC/BTC
Date Range: JUL - AUG 2019
Top: 00.0150 - 00.0260
Date Range: SEP - OCT 2019
Strategy: Midterm SHORT / Longterm LONG
Optimistic Scenario 2:
Bottom: 00.0058 - 00.0069 LTC/BTC
Date Range: NOV - DEZ 2019
Top: 00.0135 - 00.0690
Date Range: JAN - FEB 2020
Strategy: SHORT longterm / LONG
Pessimistic Scenario 3:
Bottom: 00.0017 - 00.0023 LTC/BTC
Date Range: SEP - NOV 2020
Top: 00.067 - 00.0130
Date Range: JAN - FEB 2021
This is more of a long time shot. Based on historic events I have used the ghost bar tool to copy previous formations. Additionally I have connected the RSI to the pattern behavior. The outcome was pretty interesting. To be precise, these are very very possible 4 scenarios in my opinion!.
Optimistic Scenario 1:
Bottom: 00.00685 - 00.00955 LTC/BTC
Date Range: JUL - AUG 2019
Top: 00.0150 - 00.0260
Date Range: SEP - OCT 2019
Strategy: Midterm SHORT / Longterm LONG
Optimistic Scenario 2:
Bottom: 00.0058 - 00.0069 LTC/BTC
Date Range: NOV - DEZ 2019
Top: 00.0135 - 00.0690
Date Range: JAN - FEB 2020
Strategy: SHORT longterm / LONG
Pessimistic Scenario 3:
Bottom: 00.0017 - 00.0023 LTC/BTC
Date Range: SEP - NOV 2020
Top: 00.067 - 00.0130
Date Range: JAN - FEB 2021
Note
NO FINANCIAL ADVISE. THIS IS ONLY MY OPINION
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.