BTCUSD: "IF" Elliot Waves are to correct "THEN" $130K? (MTF)
If we ignore what Elliot Decrypted from financial markets, we might not be able to set proportionated targets for futures prices. Well! It is based on 4H timeframe - "even if" we meet such pattern (more or less similar) it is based on "4H price action". There is the Question: What if it is set on Daily, Weekly, Monthly & Even more?!
Something of which the manipulators (governments, the rich, or whales or any other damned big players) do not want you to know are these:
1. INFERRENTIAL REASONING
2. INDUCTIVE REASONING
3. Assembling/Dis-assembling them or DOWNWARD/UPWARD REASONG from the bottom of the pyramid to the top & upside it down. A reciprocated INFERRENTIAL/INDUCTIVE REASONING.
EVERYTHING foreseen & unprecedented is possible.
Then, let's zoom into Daily, Weekly & Monthly possibilities. Affecting Factors are considered to be Repeatable not just like the past but rhyming it - excluding time to time threats by the US & other governments which is dead serious. Anyway!
Daily, Weekly & Monthly possibilities based on Elliot Waves will be unbelievably astonishing. Since the chart is set at 4H, then the results are considered based on it. It can be right, wrong, or nonsense. To put it in a better way I mean Daily Elliot Wave 1,2,3,4,5 & then ABC Corrections would be bigger than 4H. Then Weekly Elliot Waves bigger & more time taking & Monthly the same. This is crystal clear to technicalists!
Now, to narrow it down, and mainly for those of us who lack enough knowledge, experience, tools & patience, it is really good to set our targets based on what has been mentioned here.
If you buy/sell based on 1H, you might have to wait 4 hours, or if we are looking into 4H we probably have to wait for 16 hours, and it continues like that. It absolutely does not matter that what Elon is talking about. The market mandates its forces based on Elliots, Oversold/Overbought, R&S, Money Flow & things like that.
Start from Monthly Candles, go through Weeklies, Zoom into Daily, and 8 Hours, then 4H and 2H & again montage them!
If you correctly do so, you gonna realize easily & find it so vivid that why BTC can meet strange targets. Why some say the years to come are really different? Why governments are afraid & what from? This industry is not locally managed at the moment. Cryptos can TRANSFER VALUE & not money! PEOPLE are crazy about that. Governments are scared to death. China, Japan, Russia & easterners do appreciate it, but westerners find their SWIFT near to nothing very soon.
Trading/investment is a Multiple Criteria Decision Making (job/work). Yet, all possibilities depend on our STRATEGY. If you haven't picked one you are in the middle of nowhere just like 99.999% of people. They call us herd/sheep! Since we do not infer/induct things.
THOSE WHO KNOW ARE NOT EQUAL TO THOSE WHO DO NOT KNOW!
www.investopedia.com...ng/07/timeframes.asp
Something of which the manipulators (governments, the rich, or whales or any other damned big players) do not want you to know are these:
1. INFERRENTIAL REASONING
2. INDUCTIVE REASONING
3. Assembling/Dis-assembling them or DOWNWARD/UPWARD REASONG from the bottom of the pyramid to the top & upside it down. A reciprocated INFERRENTIAL/INDUCTIVE REASONING.
EVERYTHING foreseen & unprecedented is possible.
Then, let's zoom into Daily, Weekly & Monthly possibilities. Affecting Factors are considered to be Repeatable not just like the past but rhyming it - excluding time to time threats by the US & other governments which is dead serious. Anyway!
Daily, Weekly & Monthly possibilities based on Elliot Waves will be unbelievably astonishing. Since the chart is set at 4H, then the results are considered based on it. It can be right, wrong, or nonsense. To put it in a better way I mean Daily Elliot Wave 1,2,3,4,5 & then ABC Corrections would be bigger than 4H. Then Weekly Elliot Waves bigger & more time taking & Monthly the same. This is crystal clear to technicalists!
Now, to narrow it down, and mainly for those of us who lack enough knowledge, experience, tools & patience, it is really good to set our targets based on what has been mentioned here.
If you buy/sell based on 1H, you might have to wait 4 hours, or if we are looking into 4H we probably have to wait for 16 hours, and it continues like that. It absolutely does not matter that what Elon is talking about. The market mandates its forces based on Elliots, Oversold/Overbought, R&S, Money Flow & things like that.
Start from Monthly Candles, go through Weeklies, Zoom into Daily, and 8 Hours, then 4H and 2H & again montage them!
If you correctly do so, you gonna realize easily & find it so vivid that why BTC can meet strange targets. Why some say the years to come are really different? Why governments are afraid & what from? This industry is not locally managed at the moment. Cryptos can TRANSFER VALUE & not money! PEOPLE are crazy about that. Governments are scared to death. China, Japan, Russia & easterners do appreciate it, but westerners find their SWIFT near to nothing very soon.
Trading/investment is a Multiple Criteria Decision Making (job/work). Yet, all possibilities depend on our STRATEGY. If you haven't picked one you are in the middle of nowhere just like 99.999% of people. They call us herd/sheep! Since we do not infer/induct things.
THOSE WHO KNOW ARE NOT EQUAL TO THOSE WHO DO NOT KNOW!
www.investopedia.com...ng/07/timeframes.asp