I'm sorry waxy, don't cry, I don't understand ediott wave charts and i am not a trader, just a perma bull Just to be clear, no more low 50's for bitcoin or ew still says yes? very confusing, cannot get a straight answer, simple yes or no or don't know coz it's useless ediott method
It's scary how clueless you are J....it's not about being perma anything. Nobody is saying this can't launch from here...but there is still a possibility of another correction. yes 50k still on the table until it isn't. This will have to push on to ath's...if you can read a chart. I've basically road mapped it for you.
Well that clears it up, bwahahahahahaha Thanks waxy! you're the best at this ew stuff, but don't understand it and the roadmap, so thanks anyway
If it doesn't follow this trajectory then I don't think its happening. Where is everybody??? This could be go time!
You guys are so dense when it comes to TA. Anyway, I said its going to 70k weeks ago...which it has right on queue, then I said if it doesn't follow through it can retrace down to low 50's over the next 3 months. I'm not going to bother linking to my numerous posts showing all this step by step...just go back and read...it has been a masterclass of charting. Where is your projection btw? oh its breaking out of a 5 minute triangle lol..
I feel like jesus just came and gave me a gift. To be shorting $70Ks is LITERALLY a gift from god. There is the most collective bullishness i have ever seen in my entire life. People drooling over anticipation of $100K and massive breakouts. Everyone loaded up on retarded meme coins. Let's call spade a spade. The liquidity has dried up entirely. There is NO MORE new suckers. Trumps shitcoin raised only $13M so far and entire crypto community is leeching off one another through these meme coins. The rug pull will be beyond marvelous. I beseech all ponzi schemers to sell your ponzi tokens into this strength and start praying for all the cult believers that are not going to make it out in time. We very well might be at the very edge of the greatest financial slaughters ever. All of you crypto newbs are about to learn what crypto is all about. See you on the other side.
The only thing giving me pause from closing my calls is the break in structure from lower high, lower low, to higher low, higher high...I don't typically trade this crude method, but easier for the layman to understand. If this turns out being a single correction then this is what is really happening. If it does a double correction this is what it would look like. Remember this is consolidation...not an 80% drawdown...we had that this run already. @johnarb
Thanks waxy, I'll take a look, but as I've already said I'm not a TA person, which is why I don't understand a lot of charts stuff I'm more of a FA speculator with sometimes PA for short term trading, ie fomo-chasing memecoins and alts edit: 1st chart switched to higher low, higher high 2nd chart I like a lot 3rd chart no way would happen since bitcoin halving year is very bullish q4 into next year, but this is the crux of our disagreement so we'll wait and see, you said Moonvember and Bullcember will be red, which no way no how I would agree with no matter how many charts