...unless you put a thousand hours into it...then occasionally it might work : ) You can actually mine any skill if you throw enough time/energy into it--just make sure you change up the nonce (your approach) here and there. Throw ten thousand hours at it and you might just master it.
Technicals: The .786 fib (and adam and eve projected target) was hit on my last chart. I was looking for the aggressive target to get hit as well but the low time frames pennant broke down instead of up which is usually not a good sign. If the key level of 11k does not a hold a 50% retracement to the low 8xxx's seems likely. In the broader scheme of things it seems the market has formed a consensus the bottom is in. The bullish case for bitcoin could not be stronger and I believe we are going to $500k conservatively in this next bubble. With that said many were caught with their pants down expecting $1k bitcoin or even lower. I believe the patient big money has not developed big enough positions yet and have been waiting for a real dip to buy (they don't like to chase price). Could we go back to the eternal range of $6k? Anything is possible but I find that incredibly unlikely. Too much money is waiting to enter the market here and you could have been buying 6k-3k all throughout 2018--markets are not usually that accommodating as to let you get another chance at those prices. In conclusion, I am wildly bullish on bitcoin, but short term bearish.
Good luck.
Technicals: The .786 fib (and adam and eve projected target) was hit on my last chart. I was looking for the aggressive target to get hit as well but the low time frames pennant broke down instead of up which is usually not a good sign. If the key level of 11k does not a hold a 50% retracement to the low 8xxx's seems likely. In the broader scheme of things it seems the market has formed a consensus the bottom is in. The bullish case for bitcoin could not be stronger and I believe we are going to $500k conservatively in this next bubble. With that said many were caught with their pants down expecting $1k bitcoin or even lower. I believe the patient big money has not developed big enough positions yet and have been waiting for a real dip to buy (they don't like to chase price). Could we go back to the eternal range of $6k? Anything is possible but I find that incredibly unlikely. Too much money is waiting to enter the market here and you could have been buying 6k-3k all throughout 2018--markets are not usually that accommodating as to let you get another chance at those prices. In conclusion, I am wildly bullish on bitcoin, but short term bearish.
Good luck.
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There goes 10k...
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50 fib kissed and then wicked on the candle chart...nice volume. Line chart based on closes so may or may not get there.
"good luck with your elliot waves bro" /s
