Aggressive Cryptocurrency Buy Signals – Litecoin, Cardano, Stellar Lumens, Ripple

Point and Figure, contrary to popular belief, does allow for some extreme and low-risk aggressive entries based on specific patterns. Many cryptocurrencies are currently in a position for bold buy entries.

Spikes and Poles

One of the great benefits of Point & Figure is the unambiguous nature of its entry rules, especially on a 3-box reversal chart. The aggressive entries are one of the only subjective forms of analysis in this chart style. The reasons for this are because the definitions of what determines a Spike or Pole pattern can be varied; this is especially true for a Pole pattern. Spike patterns are any columns that have 15 or more boxes in them, but Poles are naturally long columns that are above average and appear at the end of a swing. Spike patterns are the more aggressive of the two where entry occurs immediately on the reversal. Entries on the Pole patterns occur when…