Theory - What is "Binomial Jump Pattern" - In a book I read it speaks about how traders are able to use binomial functions to increase the likelihood of their margin trades. - I used the same analysis but applied it to spot trading. - This is a term I made up. - My theory is that if LTC keeps the same distribution pattern carried over into the next wave it will have a jump that looks like this. - This is my first test of this theory. BTW those trendlines were drawn on this chart months ago.
Why LTC now? - BTC has exceeded ATH. Eth has exceeded ATH. LTC has _______ ATH. - In the early stages of LTC most traders were more invested into bigger coins like eth and BTC. It was perceived to be relatively cheep at the time. - Most used LTC for quick swing trades. - Now that price has gone very high on other pairs. I believe this opens the door for LTC in a big way. - According to my own research it seems to be that most are now setting up long positions on the coin with no intentions of selling like we saw earlier in the $50-$200 range. - I like to consider LTC as the " cheapest blue chip safe haven coin " - Not to mention many intuitions are in or have been adding LTC to their stack on speculation of price.
Not a fan of LTC but it's been part of my portfolio for over 4+ years. I have a feeling LTC is due for a waking up! I just recently added more to it.
jcseattle89
⋅
Thanks for the idea. Any commentary on implementation for this "jump pattern" laying around? Nikolov from MIT was the closest thing I've found to anything similar to this. His predictions on TWTR trends was an interesting read but hard to infer how to apply to stock prices. Thanks for your time.
RuchiraSamraj
⋅
Altcoins been messing me up. I need direction
RuchiraSamraj
⋅
Doggies making money right now… Should I still pull out and put in light coin? Is it a good strategy right now
AlexC63
⋅
@MissesNothing, Doge is garbage. At least invest into something with Some Basic fundamentals...
RuchiraSamraj
⋅
Ok I am all sweaty and flustered and I need direction