nestay
Short

Bitcoin's Supercycle coming to an end?

BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
According to Ralph Nelson Elliott's "Elliott Wave Theory" a market cycle has a Motion Wave (5 impulse waves up) followed by the correction ( ABC wave). According to this count BTC had its 5 impulse waves and is going for the correction phase now, what would mean 20K is the all time high. We could see a B wave up from here but to reach new all time highs we would need an extended fifth wave? Don't hesitate to give your opinion!

We agree. :D
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TA is great but time and time again BTC defies conventional TA..could it be this market is too young to accurately apply TA on a consistent basis. Fundamentals can't be ignored in the crypto markets it drives short term sentiment a lot stronger than TA.
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To me this is just as ridiculous as those Bitcoin to 1 million dollars charts. Do you understand what level of collapse the entire cryptosphere would have to go through in order for BTC to drop to 400 dollars? And mind you during a time period where the FA has never been better and BTC has never been stronger? Bitcoin Development and adoption is in the golden age right now and the future is very bright. Correction a few 1000 dollars yes. Down to 400 dollars might as well just say 0 just as unlikely at this point.
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chart starts at 2010
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very well indeed. so why in your last post you say "the bear is over", while here you seem to anticipate the present ongoing suckers rally!
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Good job!
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dumbest shit ive ever seen.
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nestay ITradeEverything
@ITradeEverything, here you go, the moonboy edition
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@nestay, im not a moon boy, your arbitrarily drawn EW's are just ridiculous. That's all. This isn't TA and Bitcoin will never see below 1000.
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