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RE: Bitcoin (BTC) Evening Update: Wave iii Target $6,664...Check out These Elliott Wave Charts!!!

in #bitcoin • 7 years ago

Elliott Waves states that news or an event shall arrive to justify the forecast and never the reverse. Thus, Technical Analysis begets the fundamentals, and never the reverse. This is why I rarely venture to find out the fundamentals of a coin because EW begets fundamentals.

7 years ago in #bitcoin by
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     7 years ago 

    So you think BTC will not have any correction before the fork ?
    I'm talking about a proper correction

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       7 years ago 

      Personally I don't think it will happen. After the Fork we'll have a massive correction. But before that people are just too greedy for free fork coins. BTC is also getting lots of media attention. So there's a lot of dumb money coming in. Unless some powerful countries come up with some really bad news like the ICO ban incident, I don't think a real correction would occur before the fork. That's just my take on it.

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       7 years ago 

      Thanks for your thoughts ;)

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