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RE: TA: Bitcoin Correction Is Over, Price Projection 49225$ By May

in #bitcoin7 years ago (edited)

I am also bullish the next days... "safe" long entry was at 11698 finex. (tone canceled this already)
I dont like elliot-wave to much. The arrows you draw into the future are just random but maybe right.
Okay if you see pattern of solved correction in the past.
Its useful for buy and hodl. So just buy now average cost styl.
But as participant in the "long army" i cant see buy and sells.
Why you dont use log scale?
50k will be there in 2018 but may is i bit early i guess :-)

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predicting timeframe is very problematic, and it doesn't matter the price target is important.

Time is more important for Tom Demark traders. You all talk down time... Your arrows are quite ok, but when i see other drawing an arrow to 20k within 2 days at current price level then they just know nothing about momentum.