I told you while I showed you exactly this example (''wedge''):
''In 99.9% of cases, the opposite happens. Mostly there is a fake outbreak that causes people to act emotionally and buy or sell without thinking. In the end you have lost money and complain about the manipulations.
I do not want to say that others are wrong and my idea is right, no. I just want to warn you. The simplest things in trading that everyone comes up with are always wrong.''
We have been rising for 3 years since 2015. Do you seriously believe that the bull market will continue after a 5 month correction?
Do you really believe that Bitcoin will soon be worth $50,000 after just one year, just because your Elliott Wave theory says so? This theory has never been able to determine the future and will not be able to do so later.
To all optimists: We will not reach a new all time high this year. We will continue to correct and we will most likely break the $6,000. This is what a correction looks like in every market.
All this will continue until people (perma bulls) have no money available or no desire to market. Anyone who says my predictions are wrong and you're just dreaming, will lose all his money.
I will stay bearish until others are bullish.
(EDIT) By the way: The next scenario where people get fooled is that we're forming a triangle right now.
Return back to reality:
''In 99.9% of cases, the opposite happens. Mostly there is a fake outbreak that causes people to act emotionally and buy or sell without thinking. In the end you have lost money and complain about the manipulations.
I do not want to say that others are wrong and my idea is right, no. I just want to warn you. The simplest things in trading that everyone comes up with are always wrong.''
We have been rising for 3 years since 2015. Do you seriously believe that the bull market will continue after a 5 month correction?
Do you really believe that Bitcoin will soon be worth $50,000 after just one year, just because your Elliott Wave theory says so? This theory has never been able to determine the future and will not be able to do so later.
To all optimists: We will not reach a new all time high this year. We will continue to correct and we will most likely break the $6,000. This is what a correction looks like in every market.
All this will continue until people (perma bulls) have no money available or no desire to market. Anyone who says my predictions are wrong and you're just dreaming, will lose all his money.
I will stay bearish until others are bullish.
(EDIT) By the way: The next scenario where people get fooled is that we're forming a triangle right now.
Return back to reality:
Comment:
Everything looks super bearish at the moment. Currently, every coin is in a critical area and the whole market could start to crash at any time.
Comment:
People call me crazy when I say the word "crash" in connection with crypto. You should get back to reality slowly.
Should we now drop to $7,800, then I expect that this area will not hold. I think I've mentioned that often enough.
Should we now drop to $7,800, then I expect that this area will not hold. I think I've mentioned that often enough.
Comment:
There we go. All my haters got wrekt.
Comment:
Anyone still bullish?
If we do not drop, then I expect a longer correction until just before monthly close.
I'll post a new idea as soon as I'm sure what Bitcoin is doing.