John Bollinger, properly is understood as a vendor and the creator of the Bollinger Bands indicator, has nowadays responded to questions about his views on Litecoin. This changed into as soon as constant with the discussions that adopted his most up-to-date thoughts on the mark hasten of Bitcoin’s different.
Bollinger seen that the Bollinger Band “W” patterns, a technical diagnosis tool he created, precisely predicted the most up-to-date mark will enhance of Litecoin (LTC). The “W” pattern is a chart formation the set apart the mark kinds two determined lows that resemble the letter “W” before a fundamental upward transfer. This pattern in overall indicators a doable bullish pattern when it displays up on the Bollinger Bands.
Such fairly bullish sentiment towards an altcoin brought about displeasure amongst Bitcoin maximalists, who began to flood Bollinger’s replies with messages that all the pieces is inappropriate attributable to all the pieces towards BTC is going to zero. One commentary urged that maintaining any asset that’s shedding price towards Bitcoin for a decade is irrational.
Keeping?
Bollinger responded to the criticism by explaining his stance. He mentioned it is not a lawful recommendation to preserve onto Litecoin forever and explained his procuring and selling methodology in a vivid manner. He mentioned that whereas markets could perhaps perhaps simply face varied challenges, his approach is to interchange constant with technical diagnosis fairly than maintaining belongings passively.
Who mentioned something about maintaining? To quote the procuring and selling floor cynic: “We are in a position to be going to Gehenna, however we are going to interchange our manner there.”
— John Bollinger (@bbands) August 16, 2024
Bollinger’s comments blow their own horns that he is dedicated to a procuring and selling approach driven by market indicators fairly than long-duration of time maintaining. This response not easiest clarifies his role on Litecoin however moreover reinforces his procuring and selling philosophy amid ongoing debates interior the crypto community.
