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RE: BTC Evening Update: When Will This Correction Bottom? Target is $6,100 with Alternates; Details in this Blog!!
Rumors out SEGWIT 2X is still in play ...
this is the reason for spike up now ..just FYI everyone
I have absolutely done it myself, but pinning any event to be the cause that fulfills the wave is just the brain trying to make sense of the motion. There could be any number of things that we both know about, and don't know about that could drive sentiment.
I believe the idea that an event shall arrive to justify the forecast is just a way to simplify the fact that no matter why it is going to happen, it's going to happen, and that said event could be a million different reasons to a million different people....in other words, we only assign the event to the wave to produce the feeling of closure and reassurance to ourselves. In actuality, that event may have been a part of the flowing undercurrent of the trend cycle, but it is only a tiny piece of the puzzle.
I only say this because I've been thinking on this, and how to better be whole and pure with my chart patterns and counts. Because really, you never need to know what people think are the reasons or not the reasons, as long as your count is pure and it results in consistent accuracy.
Seriously?
yeah...check my post