You are viewing a single comment's thread from:
RE: This is where crypto millionaires are made - Elliot Wave and Bitcoin's 720-day bull market
I don't know why we have to compare exactly to 2014~15 bullrun. At that time, the bullrun was very fast and sharp incline, which led to quicker bear. The bullrun that just ended was longer and a more steady growth, which will lead to a longer bear. In 2018, look how many lower highs were created. I enjoyed your info, but comparing exactly to the 2014~15 bullrun is not correct
Posted using Partiko Android
Also where is the capitulation?
Posted using Partiko Android
November 2018
Nah. I don't think that was capitulation.
Posted using Partiko Android
There us still too much hopium. That has to die out before a phase to start
Posted using Partiko Android
I'm just using the technical analysis definition of that move - Gann called it a 'blow off' move, Dow called it a 'panic phase' - its all indicative and evidence of a capitulation move and specifically in Dow Theory and Gann Theory, these moves are the final moves in a bear market.