I do not want to know how many bought at the top because they thought we would bounce at $7,800.
When I hear after a $100 bounce that Bitcoin is doing well, then I know: it will continue to go down later.
I've told you all, the $7,800 range will not last because everyone expects it. We broke through this area at the first attempt and then later went a little higher to bring the people to the FOMO.
This is exactly the same situation as in the past. The only difference is, this time it's an ending diagonal. They reversed that picture so people would not recognize it as you can see on my chart. But you can't hide anything from me. I see all patterns. And to all the people who say I do not know the Elliot Wave theory and should read the book again:
I know the rules, but I do not use them. This theory may work in a one-way market (December Bull Market), but once you're in a correction like now, they all fail.
Just look @Lee37, @Twitter, @friends, how they all try to figure out the right count. What is happening? 99% of them are wrong. Everyone can use what they want and I do not want to attack anyone, but in my opinion you can't and will not make money with this theory. It is useless if you have to change your count again and again. In the end, some people talk about an Elliot Wave failure because they do not want to admit that they can't use this theory to determine the future. Just my opinion.
That's it from me.
Here is my final crash chart for those who are interested or not. Leave a like there or not:
When I hear after a $100 bounce that Bitcoin is doing well, then I know: it will continue to go down later.
I've told you all, the $7,800 range will not last because everyone expects it. We broke through this area at the first attempt and then later went a little higher to bring the people to the FOMO.
This is exactly the same situation as in the past. The only difference is, this time it's an ending diagonal. They reversed that picture so people would not recognize it as you can see on my chart. But you can't hide anything from me. I see all patterns. And to all the people who say I do not know the Elliot Wave theory and should read the book again:
I know the rules, but I do not use them. This theory may work in a one-way market (December Bull Market), but once you're in a correction like now, they all fail.
Just look @Lee37, @Twitter, @friends, how they all try to figure out the right count. What is happening? 99% of them are wrong. Everyone can use what they want and I do not want to attack anyone, but in my opinion you can't and will not make money with this theory. It is useless if you have to change your count again and again. In the end, some people talk about an Elliot Wave failure because they do not want to admit that they can't use this theory to determine the future. Just my opinion.
That's it from me.
Here is my final crash chart for those who are interested or not. Leave a like there or not:
Comment:
Result:
Comment:
My short term long trade over night for all who are interested:
Comment:
And here is my short term short trade for today for all who are interested:
Comment:
I don't want to see anyone else saying I can not trade. Also, I do not want to see anyone writing that I do not know the Elliot Wave theory, because I do not need it.
I don't use what the crowd uses, otherwise I would make losses.
I don't use what the crowd uses, otherwise I would make losses.
1. Divergence
2. Broke trendline
3. Correction for confirmation of downtrend
4. Broke trendline of correction
And all that after identifying the pattern. That's pure chart trading. Combine this with market psychology and you are the king: