LTCUSD before rising. The exchange started a fractal copy. Its size is half the size of the previous fractal. So 2: 1 copying is done. Why? The answer is the white rectangle below it. The size of these was calculated from the ATR extremes. In several of my analyzes, I have explained that these data represent predictive volatility. In other words. Half of the fractal currently copied has the same volatility as the original fractal. Therefore, the target price cannot be more distant than the original rising fractal target price. Exactly half the size. The current target price is 106.36usd
Hello, How about LTCUSD? Is it still remain target?
richwn1989
⋅
Hey Mes, thanks for this! I've taken a position on todays lows for LTC, ETH and XTZ based on the current movements. I see it as a potentially over-volatile correction / distribution period for earlier entries, combo'd with the wider market fall due to COV-19, and ETH is repeating its actions exactly from 15th-18th May 2019 . How do the last 48 hours play into this Fractal for you? Would you say this is still intact?