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
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
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
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
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.
Same transactions chart, but with $LTCBTC above it
Note that the ratio flipped hardcore each time network transactions spiked
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
Damn, too many errors in this tweet. Awful, Tony! Sorry all.
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
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.