Who are they? Do you just want to talk down bitcoin. Without source and evidence, people will not treat that seriously.
You will find plenty of evidence of double digits predictions all over the chart guys threads during last winter. Here is one prediction by a chart guy called RyNinDaCleM. They were predicting $80 coins, and sometimes $50 coins last winter, but they cheapest they went to was $150.
it's charts like this that lead me to hesitate on calling this a top though, how do you see this developing if your model was invalidated and the bull run were to continue?
https://www.tradingview.com/v/nOHd1wTW/
https://www.tradingview.com/v/nOHd1wTW/
The analysis given is a local count. it may fit within the bigger picture in many ways including that count. Im not sure about that one though, I dont think falling wedges may occur in wave position A.
Yes, you can have a leading diagonal in wave-A however, it will be just like a wave-1 LD in that it will have 5 clear, impulsive waves. Takes form of 5-3-5-3-5 and has overlap of 4-1. It fulfills two of those requirements, but not the impulsive one. If it were a LD, the B would hit 50% of the fall from 1163-152 in very short order and the C will very likely end up in the double digits. I do not subscribe to a LD formation, personally, but that's not to say it's not a complex correction taking the basic shape of a diagonal.
I personally would think a slow and steady growth like we've had the past few weeks would be very bullish?
Is that a statement or a question?
