I think that yours is exaggerated... just a possibility, not probable. Were having such slow rise because of low volume because the ratio of BCH/BTC is rising again, meaning that many people rather invest in Bitcoin Cash. Humans have no real loyalty, so they ruin the overall success (here of bitcoin and altcoins like Litecoin and ETH) by giving in to short-term gratification. This is what Elliot Waves is all about but you rarely have situations where two stocks are directly opposed and one is actively out to destroy the other. The effect isn't usually overwhelming, but in times of changing tides it can be.
What I meant is, I think the last wave is rather LONG, not that it's in the wrong place ;)
I so hate elongated lows...
We're definitely in a typical Christmas Market though, where the bulls are being attacked by Reindeer Of Peace ;)
Thanks for the clarification. I think I drew the last wave as more as a trend movement line :) I hope to see the price fall to around 10k on GDAX...let's see!
I think that yours is exaggerated... just a possibility, not probable. Were having such slow rise because of low volume because the ratio of BCH/BTC is rising again, meaning that many people rather invest in Bitcoin Cash. Humans have no real loyalty, so they ruin the overall success (here of bitcoin and altcoins like Litecoin and ETH) by giving in to short-term gratification. This is what Elliot Waves is all about but you rarely have situations where two stocks are directly opposed and one is actively out to destroy the other. The effect isn't usually overwhelming, but in times of changing tides it can be.
We shall see...i appreciate your feedback @jojof and @johnnystimit. I am here to learn and come up with my own TA. I can't follow along and not try!
What I meant is, I think the last wave is rather LONG, not that it's in the wrong place ;)
I so hate elongated lows...
We're definitely in a typical Christmas Market though, where the bulls are being attacked by Reindeer Of Peace ;)
Thanks for the clarification. I think I drew the last wave as more as a trend movement line :) I hope to see the price fall to around 10k on GDAX...let's see!
I expect about 9.5 to 10... but maybe that'll never come.
As long as it will rise again it really doesn't matter.
Keep dreaming, train is on the way to 20k again