Tony
May 16, 2023 8 tweets 4 min read Read on X
A mega thread 🧵on why I am more bullish on #Litecoin than any other asset in the space starting with what I believe is cyclical perfection using Hurst Cyclical theory

Internal 1/3 harmonics match up with a larger cycle, which also has 1/3 harmonics

I see the grand finale next Image
Litecoin is currently dramatically undervalued compared to $BTC and $ETH on a relative basis.

IMO, LTC should be at least $250 per coin according to this. Serious undervaluation compared to other undervalued assets

#Litecoin outperforms both at cycle conclusions after lagging Image
Litecoin $LTCUSD has already crossed bullish on the 1M LMACD, while BTC and ETH are lagging behind.

This is indicative of a larger timeframe momentum change. Note specifically when the histogram turns from red to green and vice versa Image
Get you head out of the daily chart, and turn on the line chat to get a better idea of a wave count

With the right perspective, wave 4 never crossed into wave 1 territory, and Litecoin is forming an expanding ending diagonal

In these patterns, wave 5 is the longest & strongest Image
Litecoin transactions superimposed behind $LTCUSD

When people are using Litecoin, price skyrockets. The metrics tends to lead price slightly and has gone vertical

Will price follow as it has historically? I think yes

We have a halving, ordinals buzz, regulatory support, etc. Image
Same transactions chart, but with $LTCBTC above it

Note that the ratio flipped hardcore each time network transactions spiked Image
Being bearish here doesn't make sense to me

The idea that we're merely seeing another 2019 repeat, is extremely basic & is going to fool people into thinking they have several years to buy back in

Momentum says otherwise. This is going to run & you are going to chase it Image
Damn, too many errors in this tweet. Awful, Tony! Sorry all.

Get your*

line chart*

Where's my editors! 😅 @BestOwie @rl_m

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Tony "The Bull" Severino, CMT

Tony

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @tonythebullBTC

Mar 16
#Bitcoin is correcting, and that’s okay. Technicals are bullish on the highest timeframes

Here are 10 technical signals on the 3M (quarterly) $BTCUSD charts that project more potential upside

A thread 🧵
1/10 SuperTrend

A buy signal has been activated on #Bitcoin Image
2/10 RSI

#Bitcoin is pushing into overbought territory—aka the bull zone

A peak is probably due within 1-3 quarters Image
Read 12 tweets
Mar 26, 2023
From what I can see in $BTC Dominance is that there is a high probability #Bitcoin vastly outperforms altcoins—a situation you don’t see all that often during a bullish trend.

Everything from a clean technical range break imminent, to a series of high timeframe technicals. 🧵
The 1M Bollinger Bands are expanding after narrowing to the tightest width since the 2017 altcoin season.

This is called a “squeeze” and suggests a large move and explosive volatility on the way. A close outside the upper BB is a buy signal.
The 1M Parabolic SAR was hit after a downtrend break

This typically indicates a trend change & reversal in the other direction

The new trend would be BTC outperforming alts. That’s said, alts are going to become more expensive in USD, & will outperform BTC again eventually
Read 8 tweets
Mar 26, 2023
If #Bitcoin can remain at or above this level by the end of March, $BTCUSD 1M will give its 4th ever buy signal on the Williams %R.

Keep reading for a thread on the Williams %R & historical performance of the signal.
The Williams %R indicator, also known as Williams Percent Range, is a technical analysis tool used to measure overbought and oversold levels in financial markets. It was developed by Larry Williams, a well-known trader, author, and educator.
Larry Williams is a renowned trader who has won several trading competitions, including the World Cup Championship of Futures Trading, where he turned $10,000 into over $1.1 million in less than a year.
Read 8 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(