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RE: Bitcoin (BTC) Mid-Day Update: Capitulation Phase??
This dip has invalidated many of the previously posted elliot counts. Aka it basically invalidates your supposed TA. Are you going to do recounts for them? Looks like you were just stabbing in the dark with lines and shapes if you couldn’t warn that most coins were actually in a wave 5 and a correction imminent. Instead posting that impending “explosions” were nearing.
Look at the number of crossed wave 1 and 2. And crossed wave 1 and 4s there are. Violating elliot wave rules.
It's still a triangle, and can still be a 535 ...
You're actually right... I was looking at other coins, for example Lumens and there is this long red wick, and it just turned green... and now tell me what this looks like.
It looks like a bloody bullish wick ;)
Coins are sill waiting to go up...
Im talking about the 10s of altcoins he analysed in the last 2-3 weeks. Many of which have had fundamental violations of elliot rules according to his counts
Wave 4 can reach the level of wave 1 if it is only a wick. Also, TA is only a forecast of the future. It is not correct all the time.
Take a look at this : https://steemit.com/haejin/@robbie222/my-view-on-haejin-an-unbiased-opinion-new-followers-should-read-this-before-investing
Top Cryptocurrencies Pending Price Target and their due dates
https://steemit.com/cryptocurrencies/@salahuddin2004/top-cryptocurrencies-pending-price-target-and-their-due-dates