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RE: BTC Morniing Update: Will Bitcoin see $7,000? Check out my Analysis!

in #bitcoin7 years ago

2 upcoming forks rock with altcoin crypto world, I hope some correction afte 25th will happen and money flow back to alts, e.g. devcon 3 on 1st Novemeber, ETC conference on 18th November,..), it will be up and down between btc and other coins, I expect

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I don't know how my analysis will jive with fundamentals, but Elliott Waves states that a news or an event shall arrive to justify the forecast, and never the reverse. For this, I rarely venture into fundamental analysis as TA begets it.

Elliott Waves states that a news or an event shall arrive to justify the forecast, and never the reverse. This means Technical Analysis begets fundamentals and not the reverse. For this reason, I almost never try to jive upcoming events with my analysis.

I found what I think is a great summary for newbies regarding Elliot Waves and I though it would be good to share with others. https://bullwaves.org/traders-guide-elliott-wave/ Hope this helps some folks!

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