LARP Capital Investment Thesis: a market 'preference' for POW
Did you know that Proof of Work is the innovation in cryptocurrency?! It would appear some may have forgotten that POW was the first (and only) *decentralized solution the double spend problem. We here at LARP are developing a thesis that POW gets it's groove back over the next 1-2 years and Litecoin and Monero will be two of the biggest benefactors of such. The chart above is calculating the (XMRUSD+LTCUSD)/ETHUSD
To be clear, of course nothing has changed with regard to our bearish stance on the entire crypto space. With that said, we believe the above chart will be a vewwy, vewwy intewesting juan to keep an eye on over the next 1-2 years.
As always, this or any past, present, or future LARPs brought to you by LC and/or the Juan Army are cErTaInLy nOt fInAnCiAl aDvIcE
Blessed be the fruit
-the beatiest juan
To be clear, of course nothing has changed with regard to our bearish stance on the entire crypto space. With that said, we believe the above chart will be a vewwy, vewwy intewesting juan to keep an eye on over the next 1-2 years.
As always, this or any past, present, or future LARPs brought to you by LC and/or the Juan Army are cErTaInLy nOt fInAnCiAl aDvIcE
Blessed be the fruit
-the beatiest juan
Comment:
ETH BTC 1d chart (RSI Signals) vs LTC BTC 1d chart (BBW signals)
Compare and contrast...really makes u tink
Compare and contrast...really makes u tink
Comment:
Disclaimer for the akshually's:
I'm well aware of the limitations of indicators.
Taken in it of themselves they will only get you so far. Yet, even in these two charts alone, there is supplementary analysis, not to mention, far more in depth and sophisticated elliot wave, trend, fundamental (least important), and psychological analysis as well which has been published here and in other places over the last year or so.
With all that said, indicators can be most effectively used when applied in conjuction with the bigger picture, and with a deep understanding of their limitations as well as *when to use *which juans *where and *what they are showing. Some indicators work better on different time frames and/or for different purposes, similarly specific indicators may have a good track record of working well with particular coins.
Indicators, when observed correctly, can provide extremely useful signals which alert you to a strong *potential and/or predictive value of what might follow. For even the most effective signal, juan can always find instances where it did not work out in the past, yet if they are often present and found preceding major market turning points, they still provide extremely useful knowledge.
Similar to chart patterns, they tell you that 'something' is happening and perhaps that something may tilt in a particular direction. As we have spoken about in depth, like all technical analysis they certainly provide an edge as opposed to having no knowledge of them, yet the depth of their predictive value is far less useful than a true understanding of elliot wave analysis.
...any who. Th-ickity-thickity-that's all folks.
I'm well aware of the limitations of indicators.
Taken in it of themselves they will only get you so far. Yet, even in these two charts alone, there is supplementary analysis, not to mention, far more in depth and sophisticated elliot wave, trend, fundamental (least important), and psychological analysis as well which has been published here and in other places over the last year or so.
With all that said, indicators can be most effectively used when applied in conjuction with the bigger picture, and with a deep understanding of their limitations as well as *when to use *which juans *where and *what they are showing. Some indicators work better on different time frames and/or for different purposes, similarly specific indicators may have a good track record of working well with particular coins.
Indicators, when observed correctly, can provide extremely useful signals which alert you to a strong *potential and/or predictive value of what might follow. For even the most effective signal, juan can always find instances where it did not work out in the past, yet if they are often present and found preceding major market turning points, they still provide extremely useful knowledge.
Similar to chart patterns, they tell you that 'something' is happening and perhaps that something may tilt in a particular direction. As we have spoken about in depth, like all technical analysis they certainly provide an edge as opposed to having no knowledge of them, yet the depth of their predictive value is far less useful than a true understanding of elliot wave analysis.
...any who. Th-ickity-thickity-that's all folks.
Strong probability the LTC/BTC ratio will find a bottom on the *monthly chart this or next month. Chart to come.
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