In the long run, this wouldn't matter much. Even the Rome and British Empire went bust. NEO is currently insanely cheap. That's a great opportunity. Doug Casey always bother to tell that the Chinese symbol for Crisis means Chaos+Opportunity.
That's what we have at the moment. USSA is already a country in decline. China has a growing middle class and that will help China to keep on going. But in the long run Luddites always fail. Little bumps and set backs will scare the weak hands which means more opportunity for us long term thinkers.
That's why I believe in TA
TA+Fundamentals
It gives me a clearer picture (plus I'm new to TA). Most importantly Fundamentals can help pre-filter investments and keep an eye on potential bull runs. Also good fundamentals result in good winners 100% of the time........eventually.
I disagree. RN Elliot stated that a reason or an event shall arrive to justify the forecast. This means that TA begets the fundamental and not reverse. Co-mingling the two can work at times, but often leads to lack of clarity. This is why I use EW and Chart Patterns and have little to no regard for fundamentals. This concept is very difficult to accept and counterintuitive.
So is neo ta still good. This is just a correction?
As posted, a deep correction possible with Bitcoin Bear ruining the rose garden.