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RE: BITCOIN (BTC) Update: ALL TIME NEW HIGHS.....DEAD AHEAD!!!
@haejin Thanks to you, I have a good understanding of Elliott Waves. Do you think your technical analysis can predict, relatively accurately, the numbers we're going to see during the upcoming bubble?
I lean toward John McAfee's prediction of 6 figure Bitcoin. I think we'll see that during the bubble phase, which should be coming within the next year.
Your TA indicates that we're far into the bubble (peak $7kish, then drop to $200ish), where I see that we're only now entering the mania phase. I think we'll peak in the 6 figure range, before crashing to where it started, 5-10k range.
McAfees prediction never said how we would get there .
I never said it did.
I said I think we'll see that during the bubble...
a penny to $6200 is not considered a bubble?
Your statement and others like it is proof we are nearing the top.
Thank you !