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RE: Bitcoin (BTC) Mid-Day Update: Micro-Elliott Wave Counts Point to $7,965

in #bitcoin7 years ago

Yeah he's wickedly accurate; deadly precise. He uses a mathematical formula that dictates the way things ebb and flow in the world - Fibonacci Ratio. It's really fascinating and when you understand it, you realize how the price is solely dictated by this ratio in a display of human emotion; greed/fear. The candle sticks are a digital representation of human emotion which follows a mathematical formula.

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I just started studying Elliot Waves Principle... and yes, as an MAO musician, it's facinating to see that collective human behaviour on a market makes the same kind of "harmonious" waves as sound does.