For those who have been following for a while you may already be well aware of our stunningly correct bearish stance on the entire crypto space since Spring of 2021 (how we doing bulls?). If this were NBA JAM the video game–anyone who understands the inherent unpredictability of markets and posseses the ability to ‘zoom out’ likely would have uttered the phrase “hes heating up” a long time ago.

It was around that time we were asked how we felt about Litecoin since it’s no secret that we are long term bulls on the coin and accurately called the bottom in our “Litecoin As above so below” chart (linked in related ideas). With the understanding that Bitcoin was in a major correction with the potential to shift into an outright bear market, we explained and later illustrated with charts how and why we were similarly bearish on LTCUSD , and how any analysis of the LTC/ BTC Ratio itself would be somewhat of a waste of time considering the reality of the trend of the entire space.

Fast forward to today, we are now updating our stance on the LTC/ BTC Ratio with a cautious reminder that the entire crypto space is still (and will be until proven otherwise) in a bear market. With that said, we feel this analysis is useful and serves to corroborate our wider thesis on Proof of Work which we expect to come to fruition over these next couple of years (also linked in related ideas).

Now, lets talk about Elliot Wave . We are completing what is very likely a Triple Zig Zag non-standard correction which begins with what is arguably a “true” (beatey term) ‘perfectly channelable’ zig zag and certainly is juan when determined indirectly. There are other reasons (not shown in this chart) mainly related to time that suggest we likely have (more or less) found a bottom on the monthly chart. The power implications of a Triple Zig Zag suggest we can retrace this big leg down as much as 70% (upper limit of the target black box ). In conjuction with other analysis (to be spoken about in future trips on #TheTruthSocialNetwork) which suggests that Bitcoin could find at least an interim bottom within the next few months (careful here Time and Price are two very different things) you begin to see how this beautiful chart (expect them to get cleaner as we go forward) presents a potentially lucrative setup in the near future.

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Blessed be the fruit : )

-Not shminancial shmidvice