Litecoin 'As above so below' ...the end of a 7 year correction
This is an update to my last big picture Litecoin chart "For those who can see the Lite shall witness the phoenix ARIZE" (linked in related ideas) which illustrates the potential upside that lies ahead. It is said that elliot wave analysis (when done properly) has the ability to forecast major bottoms (or tops) precisely to the tick. As I have improved my skills over the years, I have personally experienced this. This may be one of those occasions. But enough about me, lets talk about the chart. The above is a 3d chart--lets take a look at things further by zooming in and zooming out.
First, the 1d chart can show us the lower time frame conclusion of what, quite astonishingly and beautifully, is a lower degree terminal (waves 2 and 4 overlap) within an extended 5th wave terminal within an extended 5th wave terminal!!! Such is the fractal nature of markets, and at it's core the basis of why elliot wave (and really all forms of TA) work. Also, a nice bull div on rsi:
Next, zooming out, we have the big picture on the 1 week chart. Here you can see we have concluded a 7+ year correction...meditate on that. Also, note the massive bull div on RSI (other bull divs as well not shown):
Welp, I got my popcorn ready. Wouldn't surprise me if she starts out nice and slow then things get real wild as we eventually start breaking all the previous major highs on the ratio, regardless I'd say the bottom is in.
gluck
First, the 1d chart can show us the lower time frame conclusion of what, quite astonishingly and beautifully, is a lower degree terminal (waves 2 and 4 overlap) within an extended 5th wave terminal within an extended 5th wave terminal!!! Such is the fractal nature of markets, and at it's core the basis of why elliot wave (and really all forms of TA) work. Also, a nice bull div on rsi:
Next, zooming out, we have the big picture on the 1 week chart. Here you can see we have concluded a 7+ year correction...meditate on that. Also, note the massive bull div on RSI (other bull divs as well not shown):
Welp, I got my popcorn ready. Wouldn't surprise me if she starts out nice and slow then things get real wild as we eventually start breaking all the previous major highs on the ratio, regardless I'd say the bottom is in.
gluck
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