- Eliot wave theory is very interesting in the way it works with market phycology to predict trends.
- Ask your questions and we can discuss how the theory currently applies to btc. There isnt a perfect answer, I think ultimately it helps us determine better entries and exists.
The reason why I believe that BTC has hit its peak is the following:
The upcoming and controversial hard fork to increase block size is just going to create two parallel block chains.
Bitcoin is stuck in a legacy system without any progress towards a goal.
Alternative modern block chains such as eathereum and dash are gaining lots of support from...
Long Position on ETH/BTC
To be brief and exact. The perdition is coupled with fundamental factors as well as technical factors. There are lots of articles that show ETH public block chain to be the one massively adopted due to the developer support.
Technicals
- Graph shows a strong gain of momentum from the bulls. Fib sequence shows natural resistance points...
