Mukiri wrote:mnandii wrote:mnandii wrote:
Bitcoin has fallen as expected. It should bottom here or at about 8,000 before staging a rise to above its previous high of 9,800.
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Is this your own drawn-out chart? If so, would you be willing to explain the (i) - (v) and A - D as opposed to the conventional 1-5 and ABC waves. If no, would you be kind enough to direct us where you got it?
The Elliott wave analysis is my own. The chart is from ICMarkets Metatrader 5. The (i) - (v) is wave
[ a ] of an
[ a ] [ b ] [ c ] zigzag that will compose wave D. My analysis has led me to believe that Bitcoin is doing a larger triangle wave (4) where waves ABC are in place and we are currently in wave D of the triangle. See Daily chart below.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.