All the way down to $50? I respect your short term prediction but the ultra low price targets at some point sounds a lot like that guy that promoted HyperWave theory a couple years ago. he was predicting that BTC HAD to go to 1K ... along with that Tone Vays guy. What ended up happening? BTC never went below 3k and now we're sitting near the ATH.... if investors listened to that guy, they never bought back into BTC and are still waiting for 1k.
Not everything can predicted out by Elliot Wave and certainly not into the long-term. There's just way too much fundamental analysis that has passed thinkers like that guy by and have left him behind.
Predicting anything out further than 3 months in crypto land is just really not reliable. I can definitely see your C wave to 1K playing out by end of December though.
spyxo2x
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@ich1baN, Don't worry, Bitcoin will still hit 2.2k
They weren't wrong, they were just too early. A pattern of that scale takes 3-4 years to play out, and we're in the 3rd year right now.
UnknownUnicorn10724764
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@spyxo2x, Lol, the bull markets over? Have you checked the history of BTC? It always retain's its prior ATH, then crashes, then goes into a Para.
ETH should be no different due to the sheer amount of uptake.
ich1baN
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@spyxo2x, meanwhile, if you listened to hyper wave garbage and sold out you will miss out on massive returns while waiting for BTC 1k.
spyxo2x
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@ich1baN, I've never read about Hyperwave. I am an Elliott Wave analyst, and it works for me.
No, 1k will not be reached. The buy zone is 2.2k - 2.4k mid 2021 or at most in 2022.
ich1baN
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@spyxo2x, Hyperwave and Elliot Wave are similar in that Hyperwave projects a massive dump from current levels in order to be validated. You stated they weren't wrong in your last message showing your agreement with their view.
We will hit 100k before 2.2k if we even ever hit 2.2k... I'm sure there are some Elliot Wave theorists still out there from 2015 who expected price to crash back down to $1 ... they're still waiting for that big C wave. Meanwhile, we're thousands of percent higher.
spyxo2x
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@ich1baN, If the analysis in 2015 were any good, their buy would have been in this green zone:
Not everything can predicted out by Elliot Wave and certainly not into the long-term. There's just way too much fundamental analysis that has passed thinkers like that guy by and have left him behind.
Predicting anything out further than 3 months in crypto land is just really not reliable. I can definitely see your C wave to 1K playing out by end of December though.