Hello @haejin! I found an interesting 9 min. video about Elliot Wave Theory.
Does the person in the video know what she's talking about?
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Hello @haejin! I found an interesting 9 min. video about Elliot Wave Theory.
Does the person in the video know what she's talking about?
Yes, that is the prevalent count amongst most Elliotticians. I don't agree. I believe we are in an Expanded Flat correction so the A wave was the low the other week at $3,045; Wave B will be higher than prior peak so above $5k somewhere; then Wave C down will be hard to around $2,500 to $2,000 or perhaps stabl briefly $,1800 or so.
Her count is correct. It is my alternate count, not my primary. I don't think the MACD has enough mojo to crush Bitcoin to $2,000 as it's still oversold.
What an extremely beautiful art is technical analysis!
Dobe's TA is awesome, and I've learned quite a bit from her, but she tends to err on the side of caution a lot. Definitely go back and watch all her vids if you haven't yet, as there's a wealth of info to be gleamed.