20 hours ago I told you that we would likely see a nice pump in BTC within the next 48 hours.
And here we have it:
Coincidence? TA is bullshit? Nope, I have done this thousands of times. I know every corrective pattern there is.
Did I make a good profit on that leveraged long trade? Well, of course... It's all about knowing where your analysis is wrong and Elliott Wave Theory gives you exactly that knowledge.
It is either "small stoploss (initial risk) -> big profit" or "small stoploss (initial risk) -> small losing trade". EVERY TIME. Repeatable strategy.
Am I right 100% of the time? Of course not! No one is...
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Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
Have a nice day :-)
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Updates will only be posted on HIVE !!!
Good forecast man!
Yeah nice one @ew-and-patterns !
I didn't get the following, so you believe this is a continuation of the bullish trend therefore?
Best,
@vlemon
Yes, I do. The big picture count will be updated once we breach 14k (which could happen in May already)
A pre halving bullrun, then post halving small wave 4 shakeout and then KABOOM.
Elluot Waves rules, right?! They're really good!
Only if you know the rules and know how to trade the, (and keep in mind that there are many wrong rules out there, the most famous book about it is spreading wrong rules, sadly..)
Oh, really? did't knew that. do you have good sources to learn it precisely?
Ich habe vom besten deutschsprachigen Elliott Wave Trader "André Tiedje" gelernt. Sein Simplified Buch kann ich absolut empfehlen wenn man sich intensiv damit beschäftigen möchte. Dann muss man nur noch jahrelang üben und die Regeln auswendig lernen.
Interesting. What worries me is they everybody thinks Bitcoin will crash post halving which makes me think it won’t haha 😆
I am not talking about a crash. More like $1000-2000 down and back up again within a day or two.
Man can you tell what will happen in the next 48hrs?
No, because there is no big boring corrective pattern to analyse right now.
When analysing impulse waves the count needs to be readjusted constantly but I cannot do a post every 30 mins. The count might have changed by the time I do the next post xD.
But I can tell you that from today on, the volatility is back in Bitcoin. Big swings are the new normal again.
How abou ethereum sir?
ETH will likely follow BTC, but the chart is not looking that good.
It was a very deep correction, which is not want you want to see if you are hoping for new highs.