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RE: This is where crypto millionaires are made - Elliot Wave and Bitcoin's 720-day bull market

in #cryptocurrency5 years ago

I disagree with you, No trendline BO, no fear capitulation volume, no MA broken, especially the 50MA(which is a clear signal of bull market), in EW we can also be finishing the 4th wave(ABC pattern) with another 5th wave down(double bottom at least or even further down to 2500,1800 or 1100), 2014 fractal says the same thing...we only have 2 things telling us the bottom is in which is the 200MA and the adam and eve pattern... Don't spread FOMO, tell the people to buy when the market has clear signs of a reversal, can the bottom be in? yes, but it's not obvious enough, you need more signs to call a reversal, especially the 50MA one! Once you see the price breakout of that one it's a 99% sure sign of a reversal deploy all your money in...

All the possibilities in 1 single picture, with the bullish one being the least possible one since it would breakout of trendlines... I'm expecting capitulation to occur until june if the bottom isn't in already, will change my mind if I see any signs of a reversal ofc,

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