Knowledge is power. Money and power go hand in hand. If you want to be successful in life you first have to acquire knowledge, and then money, and finally power. This is a cycle just like Elliot Wave Theory.
Elliot waves are building blocks for waves of a bigger time frames. For example, in 2011 Bitcoin completed its first 5 wave Up and then completed and ABC correction after as you can see below.
After the ABC correction what happened next? The price went to the next stage and became an Elliot wave 1 and 2 on to Wave 3 as seen below:
Smaller wave counts resemble larger legs for bigger wavecounts. Are you learning yet?
This is where things get interesting. Alot of people are incredibly bullish on Bitcoin and Crypto right now because they want to get rich.
These people will all lose money, GUARANTEED!
You see alot of these big youtubers and traders on here want to make the most amount of money from influence they can get. If you publish a chart like this I guaranteed only 50 people will view it. If you post a chart where you draw a line to a million bucks screaming BUY BUY BUY, people will get emotional and will want to make millions like everyone else so they will click it.
That is why you have to do your own research like me. Forget short term trading and misleading advice from the moon boys who just want to "win the lottery". The opportunity is still here to make millions if not billions for yourself if you are willing to wait.
I will let you decide for yourself what will happen next after I taught you the basics of how elliot waves resemble larger patterns and repeat themselves.
Isnt $1000 bitcoin really unrealistic? i mean there are a lot of hodler out there that wont sell.
Johnthebull
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You have it going down under $500, then ultimately up to about $20 Billion. Lol. I'll hold on tight to my coins at 11k and withstand the volatility so I don't somehow miss out on the $20 Billion upside.
dcardona1
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Wave 2 at $500??
PonziTycoon
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@dcardona1, Thats where this larger wave C will end and begin wave 3 of the next series of impulse waves to the tens of millions. Bitcoin has to first make new lows to confirm if the miners are strong enough to operate under heavy losses.