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Bitcoin: Does it have a future ?
VituVingiSana
#1221 Posted : Monday, July 27, 2020 11:27:49 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,150
Location: Nairobi
mnandii wrote:


BITCOIN
Ripe for a large Fall. Targets remain below $6800.

Within what timeframe?
I am not into BTC but just watching.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Tokyo
#1222 Posted : Tuesday, July 28, 2020 3:05:33 AM
Rank: Veteran


Joined: 10/9/2006
Posts: 1,465
Bitcoin relentless...
I predict $2000 within next month.
work to prosper
Jon Jones
#1223 Posted : Tuesday, July 28, 2020 5:25:03 AM
Rank: Member


Joined: 9/11/2015
Posts: 132
Location: Thika
Jon Jones wrote:
mnandii wrote:


BITCOIN
Ripe for a large Fall. Targets remain below $6800.



Laughing out loudly Laughing out loudly Laughing out loudly Bitcoin will reach 11k in August. That's where it is headed, not 6k.


It is not even August and already we are cruising at $11k. Mnadii utaambia watu nini Laughing out loudly Laughing out loudly Laughing out loudly

However, the TD sequential has flashed so there might be a correction at this point-might.
Since men have learned to shoot without missing, I have learned to fly without perching
mnandii
#1224 Posted : Thursday, July 30, 2020 10:45:08 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,203
Jon Jones wrote:
Jon Jones wrote:
mnandii wrote:


BITCOIN
Ripe for a large Fall. Targets remain below $6800.



Laughing out loudly Laughing out loudly Laughing out loudly Bitcoin will reach 11k in August. That's where it is headed, not 6k.


It is not even August and already we are cruising at $11k. Mnadii utaambia watu nini Laughing out loudly Laughing out loudly Laughing out loudly

However, the TD sequential has flashed so there might be a correction at this point-might.

Sad

Sometimes a forecast goes wrong. That's a given> However an alternate bullish count has kicked in.

Also, give me credit for insisting that Bitcoin would rise beyond the previous high of $19,000, just that Elliott Corrections can be difficult to count especially when a correction does not reach a normal retracement level.
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.
Jon Jones
#1225 Posted : Thursday, July 30, 2020 2:21:26 PM
Rank: Member


Joined: 9/11/2015
Posts: 132
Location: Thika
mnandii wrote:
Jon Jones wrote:
Jon Jones wrote:
mnandii wrote:


BITCOIN
Ripe for a large Fall. Targets remain below $6800.



Laughing out loudly Laughing out loudly Laughing out loudly Bitcoin will reach 11k in August. That's where it is headed, not 6k.


It is not even August and already we are cruising at $11k. Mnadii utaambia watu nini Laughing out loudly Laughing out loudly Laughing out loudly

However, the TD sequential has flashed so there might be a correction at this point-might.

Sad

Sometimes a forecast goes wrong. That's a given> However an alternate bullish count has kicked in.

Also, give me credit for insisting that Bitcoin would rise beyond the previous high of $19,000, just that Elliott Corrections can be difficult to count especially when a correction does not reach a normal retracement level.


Stop using Elliot Waves because you don't know how to use them. By the way, I watched Alessio Rastani's video and his wave count was different from yours. He was right and you were wrong yet both of you were using Elliot Waves. My point is, you don't know how to use them correctly. Check 6:21 of the video below from Alessio.
https://www.youtube.com/watch?v=TCehWLMZzkY
Since men have learned to shoot without missing, I have learned to fly without perching
iris
#1226 Posted : Thursday, July 30, 2020 4:34:06 PM
Rank: Member


Joined: 9/11/2014
Posts: 225
Location: Nairobi
Jon Jones wrote:
mnandii wrote:
Jon Jones wrote:
Jon Jones wrote:
mnandii wrote:


BITCOIN
Ripe for a large Fall. Targets remain below $6800.



Laughing out loudly Laughing out loudly Laughing out loudly Bitcoin will reach 11k in August. That's where it is headed, not 6k.


It is not even August and already we are cruising at $11k. Mnadii utaambia watu nini Laughing out loudly Laughing out loudly Laughing out loudly

However, the TD sequential has flashed so there might be a correction at this point-might.

Sad

Sometimes a forecast goes wrong. That's a given> However an alternate bullish count has kicked in.

Also, give me credit for insisting that Bitcoin would rise beyond the previous high of $19,000, just that Elliott Corrections can be difficult to count especially when a correction does not reach a normal retracement level.


Stop using Elliot Waves because you don't know how to use them. By the way, I watched Alessio Rastani's video and his wave count was different from yours. He was right and you were wrong yet both of you were using Elliot Waves. My point is, you don't know how to use them correctly. Check 6:21 of the video below from Alessio.
https://www.youtube.com/watch?v=TCehWLMZzkY


Jon Jones, would you advice your kid to stop going to school if he brought home a bad report card? Mnandii should instead strive to up his skills, me thinks..
rwitre
#1227 Posted : Friday, July 31, 2020 7:06:37 PM
Rank: Member


Joined: 3/8/2018
Posts: 437
Location: Nairobi
The herd is coming
deadpoet
#1228 Posted : Saturday, August 01, 2020 10:56:36 PM
Rank: Member


Joined: 9/27/2006
Posts: 449
@mnandii, just curious. Have any of your past charts come true? Say from 6 months ago?
mamilli
#1229 Posted : Sunday, August 02, 2020 10:13:09 AM
Rank: Member


Joined: 10/6/2015
Posts: 229
Location: Nairobi
rwitre wrote:
The herd is coming


Laughing out loudly The herd FOMOd @ 12K and got rekt
Stacking sats....
mnandii
#1230 Posted : Monday, August 03, 2020 9:14:01 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,203
deadpoet wrote:
@mnandii, just curious. Have any of your past charts come true? Say from 6 months ago?


For Bitcoin, you recall the bottom at $3060 ? It is a forecast I made in this very thread (look for it). It worked wonders and Bitcoin soared to past $13,000. It was unique (as is always the case with bottoms and tops) since every single wazuan here was predicting the collapse of Bitcoin.

I have made several other unique forecasts on wazua the biggest being alerting wazuans to the top in stocks (NSE 20 Share Index) when the index was at about 6000 points. Check the thread on Elliott Wave Analsys of the NSE 20. There also fundamentalists were taken by surprise, they remained bullish even in the wake of the NSE shedding and haemorrhaging several points. I predicted the index would go below 2500, no one believed! It is only recently that the ever bullish forecasters had a change of heart and interestingly are now calling for the index to collapse below 1000! The herd is ALWAYS wrong at major turns in the markets and economists have a perfect record of ever making wrong predictions just when a market is about to change direction. This is always the case because in the Financial markets people herd - they are always looking for others with opinions similar to theirs. This is all in the sub -conscious so these people never really understand the dynamics of what is happening in their brains.

....
I have also made stellar predictions on Safaricom using Elliott Waves as well as in Forex which is what occupies most of my time.

...
Now, there are instances where I have been wrong too but that does not mean that Elliott Wave Principle is wrong. It merely portrays instances where MY preferred Elliott Wave Count is wrong and I should have gone with an alternate view.

Now, it is important to research yourself. Study, learn, question and you'll get that Elliott waves is the only path of the market. It is not some crazy theory but it is based on science. Science requires that you take a hard, cold look at facts to come to a conclusion. Like most people here I started off trying to forecast using news, what most call fundamentals. I then tried technical analysis and ended up at some funny sounding analysis from Wykoff (not sure of the spelling) which merely insisted that the market is rigged against you! And his form of analysis was supposed to expose the techniques that smart money uses to get ahead of the rest (dumb money). This is sacrilegious! The market reveals very fundamental issues of human nature which R.N. Elliott discovered. Unfortunately the majority will never get to understand it. This is the very reason you hear statistics that over 90% of speculators loose money. They loose because they herd. The herd can never learn. Because humans herd, they produce predictable patterns in the market. This is what Elliott is all about.

Instead of taking a long route trying to discover the nature of the markets, you could shorten the journey by learning from Elliott Wave practitioners who have come to fully grasp reality as it is.
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.
mnandii
#1231 Posted : Monday, August 03, 2020 9:17:13 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,203


BITCOIN. Waves (1) and (2) complete. Minor wave 1 also complete. Bitcoin should now correct in wave 2 to about $10,000 or $9,700 before resuming the uptrend. Whatever happens in the correction expect Bitcoin to go way beyond $19,000, the previous high.
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.
Jon Jones
#1232 Posted : Monday, August 03, 2020 2:58:07 PM
Rank: Member


Joined: 9/11/2015
Posts: 132
Location: Thika
deadpoet wrote:
@mnandii, just curious. Have any of your past charts come true? Say from 6 months ago?


He is only right once in five attempts. You would make more money tossing a coin. His chosen method of technical analysis (Elliot Waves) is very subjective. You can easily find five traders using Elliot Waves on the same chart and same time frame and they count the waves in totally different ways. What's worse is that each trader will believe that his wave count is correct. I have nothing against Mnadii and I actually think he means well with his posts. However, I wonder whether he trades his own money professionally because his bad calls are too many due to over-reliance on a subjective method.

To Mnadii...Elliot Waves are a voodoo science. The fact that three professional traders using the same chart on the same time frame can count the waves differently means that your method is largely unreliable. Peace.
Since men have learned to shoot without missing, I have learned to fly without perching
mnandii
#1233 Posted : Tuesday, August 04, 2020 8:51:41 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,203
Jon Jones wrote:
deadpoet wrote:
@mnandii, just curious. Have any of your past charts come true? Say from 6 months ago?


He is only right once in five attempts. You would make more money tossing a coin. His chosen method of technical analysis (Elliot Waves) is very subjective. You can easily find five traders using Elliot Waves on the same chart and same time frame and they count the waves in totally different ways. What's worse is that each trader will believe that his wave count is correct. I have nothing against Mnadii and I actually think he means well with his posts. However, I wonder whether he trades his own money professionally because his bad calls are too many due to over-reliance on a subjective method.

To Mnadii...Elliot Waves are a voodoo science. The fact that three professional traders using the same chart on the same time frame can count the waves differently means that your method is largely unreliable. Peace.


If you don't find it in you to do a thorough research then you'll come up with the kind of cheap conclusions you are making.

There is a big difference between a true Elliottician who applies the rules and guidelines thoroughly, as espoused by R.N. Elliott. And then there are armchair Elliott Wave wannabes who merely place letters and numbers on charts and claim to be applying Elliott waves. Unfortunately for you you fell for the latter. Sorry!
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.
mnandii
#1234 Posted : Tuesday, August 04, 2020 8:59:23 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,203
Jon Jones wrote:
deadpoet wrote:
@mnandii, just curious. Have any of your past charts come true? Say from 6 months ago?


He is only right once in five attempts. You would make more money tossing a coin. His chosen method of technical analysis (Elliot Waves) is very subjective. You can easily find five traders using Elliot Waves on the same chart and same time frame and they count the waves in totally different ways. What's worse is that each trader will believe that his wave count is correct. I have nothing against Mnadii and I actually think he means well with his posts. However, I wonder whether he trades his own money professionally because his bad calls are too many due to over-reliance on a subjective method.

To Mnadii...Elliot Waves are a voodoo science. The fact that three professional traders using the same chart on the same time frame can count the waves differently means that your method is largely unreliable. Peace.


I have noticed that you are very much against us technical wazuans. Its understandable when you have a shallow well of knowledge to draw from. And your type never learns - you are only wasting precious time for the very few who are seeking true knowledge here. I know these comments will not stop you busting forth in even more verbal (written?) diarrhoea but I am certain the smart ones will ignore you and continue their journey of knowledge. After all ever market place has a mad man.
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.
mnandii
#1235 Posted : Tuesday, August 04, 2020 9:01:52 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,203


ETHEREUM Weekly Chart. Rising in wave [iii] of 3 of (1). Should top out at about $800.
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.
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