Serious question, but what price point would you consider your current wave count invalid and reassess it?
I think a move to mid $100's is possibly (imho unlikely) but wouldn't that be a terrifying capitulation point for all those - like me - that think the bear market may finally be over!?
I think I mentioned that 320-340 was invalidation territory. Needless to say, Im not worried about that right now. It seems likely to me that we have been given the evidence we need that the bear trend is set to rapidly continue.
This is the evil work of Benjamin the whale
he tweeted last night at 1670, the very top "the fun has just begun" - I have warned that my count was aligned with his plans to "gox" the market not long ago. I think it is the plan of the elite that there is a raid across exchanges, driving the price to a final and brief low of $100, possibly less. Yes, a move to $100 would surely be intimidating to the most stubborn believers, although I firmly believe this is where the limits of the bear market will be reached.
Black Arrow,
I believe that bitcoin will undergo mass adoption and grow greatly, and I believe in fundamental factors as described will come into play eventually, but just weeks ago the price dropped 50% within days to $150. Right now the price is weak. What is your evidence that the situation has changed? bitcoin is evidently vulnerable, and so long as the situation doesn't change in the next month, I believe that EW theory is a great guide for us to pick the bottom with.
Please though, this is not a FA thread. lets keep it clean.