BTC's last descent ahead of a new Elliott Wave set?
Updated
Having read lots of other analyses, both bullish (straight to 8K!) and bearish, I'm coming out right now as the latter. I'm all about BTC hitting 8K by year's end, but I don't really see it happening. I see it ending the year not far off of where it is right now, and that after a rest. This chart shows a correction within the next seven to nine days as deep at $4858, but I think a more likely correction (C) might be around $5405.
You know what opinions are like & that's mine for the moment. Let me know if you've got a bull argument that obliterates my conservatism -- I'm flexible!
You know what opinions are like & that's mine for the moment. Let me know if you've got a bull argument that obliterates my conservatism -- I'm flexible!
Note
Well, when you're wrong, you're wrong. Things are beginning to look like I'll have to view this progression from some vantage point other than Elliott Wave theory. I've been wondering if it may be possible that blockchain algorithms, along with trading bots & algorithms in the wild might not change traditionally-held assumptions about charting since so many of them are predicated upon mass psychology, emotional cycles, and so forth. Or maybe I'm just rationalizing my wrongness.
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