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RE: Bitcoin (BTC) Mid-Day Update: Micro-Elliott Wave Counts Point to $7,965

in #bitcoin7 years ago (edited)

Looks like this is it !! another few days and this will be all over and a new beginning will start. If im not mistaking this looks like a "slingshot move". For this to happen the masses must be wrong. Like a boat when everybody goes to one side and tip the boat to one side and then everybody scrambles to the other side and tilt the boat in the other direction.
a-child-made-this-drawing-of-the-boat-accident-that-killed-hundreds-of-african-asylum-seekers.jpg
Some may even fall of the boat ( weak hands )

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Time to stock up! Sadly I invested most of my money about 2 weeks ago I should have waited. At least it's a learning experience for next year! Btw I like the drawing it lightens the mood up

yeah me too xD fomo ....

It is all a learning curve. My advice is study Bitcoin, follow people like Trace mayer, and Andreas Antonopoulos. Most uneducated people dont understand why Bitcoin hold such a dominance, some actually believe ripple, dash etc are better...lol The best minds in the world are and have been working on Bitcoin for the last 10 years.

When lighting comes, boom, the rocket will go off, melting every other alt coin.

I did the same mistake. Such low prices and I cant enter. Damn! Those who are cashed up will make it

Yeah, I'm really hoping your analogy is correct. I'm holding for now, but looking back on it all I would have been better off just waiting to learn and then buy now...

I always like to watch twitter and read the articles for EW sentiment readings and i haven't seen it this bearish since I've started trading cryptos..it could go longer but i like the slow methodical decline this last month..it shows me that the large players are slowly accumulating ...the order books confirm this as well

Just check older charts. It's actually normal for the cryptomarket to drop at the beginning of the year because of the Chinese New Year. Just check my last article. I have put some reasons and charts in it. So totally correct, it's time to buy the dips^^

You mean "few weeks".

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