welcome for what?
ta is worthless... when will you normie get it
welcome for what?
ta is worthless... when will you normie get it
I want to punch you in the fucking face so fucking hard OP. Looking at your graph literally makes me fucking rage at how fucked it is. You fucking retard!
this is based on elliot wave theory, and is a possible valid count
here's a link to ew:
0104.nccdn.net
i'll ingnore the chad step until it enters wave 1 territory. so a close above 8769.9 would invalid this count
hahah stay forever poor OP, good luck with your lines
One word. Soros.
Think about this for literally 10 seconds. It's the perfect storm. Why would someone of his influence ANNOUNCE that they are starting to trade cryptocurrencies? He's an anarchist. If it looks bullish, it's going to be bearish. He is famous for going all in shorting markets much bigger than crypto.
I think his strategy is this:
1) Buy a nominal amount, start a short squeeze pump w/panic buying and gain lots on your long position.
2) Wait until the market has turned bullish and added even more to your long position
3) Wait even more until there are thousands of bitcoins worth of orders set just below the current price
4) Open a huge short position
5) Dump enough so that you expend the order book at a decent sell price and then trigger panic selling so that the price drops so you can also profit massively on your short position
6) Close your short slowly over time so that you don't inflate the price again until you are ready to repeat the process
Elliott Wavers are all faggots, everyone has different wave count and it's overly complicated.
There is a simpler approach to the charts, you can develop one yourself based on EW but not necessarily on the wave count.
Just read correction patterns, don't count impulsive waves.
i'm in a short position rn, and will continue to ladder shorts from the $8400-8700 range
im not saying this will happen. all im saying that based on EW, which a lot of traders use, this is a possible scenario. and if you don't believe in ta and think it's all memelines, then good luck trading with your gut
Top kek this. How do you just ignore that lower low? Elliot waves are a meme anyway.
TA is for insecure, pussy, beta speculators desperately searching for any signs affirming their trading positions. Save _yourself_ the bullshit and next time just tell yourself "it's going to be okay". It basically does the same shit. One is less bullshitty, and it's not TA.
You're welcome.