This correction isn't like the last one a few years back, the last one was more bullish the RSI proves that. The mainstream has lost interest in BTC, the circus is packing up and moving on. Everyone on twitter go have some kids and take a break. Your grandkids will enjoy the stories you have to tell. BTC needs a rebirth. That will take some time once it touches back down.
I'm pretty sure that's not what Elliot Waves were designed for
ratpatrol
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@PattyMcPat, the elliot waves where for the sheep to help visualize, could care less about elliot wave. elliot wave is just another indicator just like the rest of them it's not the ruler. the chart uses time and sentiment value. but hey i'll have to follow you i guess so i can learn the ways.
ikdy
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I agree with it needing to be reborn, hence BSV. Come on haters lets here it lmao. Bitcoin is highly overvalued with the way it performs and the direction they’re taking it.
ratpatrol
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@ikdy, i feel like the banks and governments have studied the BTC project and have stayed away. They will choose BSV for the nature of the beast.
OnlyMajorMoves
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Are u a newb??? Look at a log chart. This chart means nothing
ratpatrol
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@matthewflores, i was going off the fractal RSI not the browns RSI and the OBV isn't that great in my option...being new has nothing to do with it. i went long when it hit the bottom and got out so i made a good profit off the 300 btc i dumped. I did go extremely long on BSV and locked them down for the long haul. I believe it will attract the bigger money it's proving to be a more serious asset. I'm new to trading yes. I got 70 btc for a shot of whiskey back in 2011 and made my first trade and dumped them for 17000 average. So I'm a newb...lol....don't get me talking about my 4 dollar an oz silver i let go for close to 40 an oz.
ratpatrol
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@matthewflores, the log chart had nothing to do with the indicators i'm using. my chart shows the swing high and swing high extensions and swing low and swing low extensions that i feel represent the resistance and supports time frames the best.