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RE: Bitcoin (BTC) Mid-Day Update: BOTTOM COULD BE DONE!!! $26,440 Short Term Target!!

in #bitcoin7 years ago (edited)

I think that yours is exaggerated... just a possibility, not probable. Were having such slow rise because of low volume because the ratio of BCH/BTC is rising again, meaning that many people rather invest in Bitcoin Cash. Humans have no real loyalty, so they ruin the overall success (here of bitcoin and altcoins like Litecoin and ETH) by giving in to short-term gratification. This is what Elliot Waves is all about but you rarely have situations where two stocks are directly opposed and one is actively out to destroy the other. The effect isn't usually overwhelming, but in times of changing tides it can be.

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