So, you're basically saying we've hit the bottom already...? If that's true, there's no much point in waiting anymore to buy BTC. Just keep buying it... while it's cheap. :-D
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So, you're basically saying we've hit the bottom already...? If that's true, there's no much point in waiting anymore to buy BTC. Just keep buying it... while it's cheap. :-D
It's likely to get cheaper before seeing new ATH. We could be in for a prolonged bear market lasting several months
I agree with bat...if you look at all the big caps and alts, it's a textbook slow bleed to the bottom...but this is normal and healthy...per my links I've sent over the last few weeks, large players are jumping for joy on seeing projects at these levels..the only thing that sucks balls is that it may not bottom until summer...i don't know if any of you remember my comments from right before Futures launched..but isn't it interesting that the top was right when that started...I traded futures and it was a shit show....the algos will just tear the market to shreds with false rallies all the way down...it will make everyone throw in the towel...right when that happens is when it gets real interesting...plus we don't have enough data showing whether crypto is a bell whether against a stock market crash...things are looking dicey to me in equities, so we should know within the next few weeks......
One thing I wanted to add is that, in my mind BTC represents a paradigm shift..it is something we have never seen before....i may be totally wrong on this, but almost everyone is expecting a draw down to $3000-$4000...not sure if the whales and hedge funds are going to allow that because it's too obvious...we may hopefully see more consolidation within this triangle before we see new highs...just food for thought
We could be in for the ABC and were I. The start of B so C down could be hard around July.
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hey shawnster you did indeed call it correct my friend ! I think a lot of people got carried away with greed and didn't sell when when the writing was on the wall (myself included to a degree as I didnt sell early enough). You called it correct futures screwing the market and that is exactly what happened. I think you are correct again this may continue with false rallies until most throw in the towel and has Haejin predicted ages ago, people will spit on the name of BTC. Then and only then .... could it be a great time to buy because the rewards could be massive ! - although of course it could also go the other way and we all end up loosing everything, if the banks crash the system and force everyone onto something new, bypassing crypto altogether lol.
Hey bat, great points...it could go either way...maybe the algos will allow the big players to accumulate enough and send the price soaring.....or crypto will be dead just like Gold and other commodities and chop around for centuries allowing only hedge funds and large players to make money....i watched a great video from Carter Thomas today that was one of the best I've ever seen...he's on Youtube....he did mention this choppy bullshit that could happen, (BUUUUT) we have a chance to circumvent this by telling our friends and colleagues about crypto and showing them how to buy and store it which will overwhelm the high frequency traders and manipulators so much, they will give in and let it explode...this will only happen if we get people excited about it again, and use it like it was meant to be used...use it to pay bills or buy lunch...or use it as a payment option on your website or at your business...if this happens they don't have a fucken chance...and we weren't able to do this with other commodities that the manipulators were able to neuter...so it will be interesting to see, but I really don't have much faith in this sector anymore..instead of backing each other up and helping each team succeed, we have a bunch of children spending all their time and energy shit talking and spamming false lies online in order to discredit the other competitor..plus 90% of the investors don't even use the technology..they just want to get rich..money is awesome, but we have to bridge the two if we want this experiment to succeed...we shall see friend
Hope he downvotes all of you!!!
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I'm expecting it to go cheaper than today... but no cheaper than the February low... and maybe even the March low.
we may not hit the bottom yet. look at this scenario. ABC correction where subwave 5 of C in progress. in that case We will drop below $5900 from FEB 5th.
That's all a question of interpretation... as I see 7 waves where you're seeing 5.
which one ? would you mind pointing out ?
In your last purple line, from 2 to 3, I see another wave there.
yes sir , because by rule 3 can't be the shortest of 3 wave. so if don't assign 3 down at where it shown it will violate Elliot principles.
Your sub A should be correction B because it's higher than your sub C.
Ladder the entries.
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