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RE: Bitcoin (BTC) Evening Update: Bearish Flag & a,b,c,d,e point to $6,600
many are looking to buy discounted altcoins with fiat. that's what the charts are saying probably
many are looking to buy discounted altcoins with fiat. that's what the charts are saying probably
Elliott Waves states that news or events shall arrive to justify the forecast and never the reverse.
Your statement seems to want to go reverse.
i find elliot waves fascinating. it takes out all the noise (news) and stuff -- it's saying, "the charts say it all so people need to stop adding explanations"
but if it measures sentiment, then perhaps a valid explanation would be one i shared above. i'm not saying this is true, just something i thought about. after all, i did bought some cheap altcoins