Post
Topic
Board Speculation
Re: 2018 Cryptocurrency Crash (Elliott Wave)
by
shunyata
on 18/02/2018, 22:41:10 UTC

I like this chart a lot. However you conveniently left out 2/11 which was followed by a green candle and a run of over $2k. I think this chart applies aptly in a bear market, but are we in a bear market? I recall during the run up from October that every Monday morning price seemed to go up.

Looking back:

Sunday 11/12 - followed by a green candle and big rally
Sunday 11/19 - followed by a green candle and consolidation
Sunday 11/26 - followed by a green candle and rally
Sunday 12/3   - followed by a green candle and big rally
Sunday 12/10 - followed by a huge green candle

Then the pattern flips to bear starting with your first date of 12/17.

So this pattern may just as well tell us tomorrow will be a big green day if we are out of the bear and back in the bull. Looks like Mondays are trend confirmation days.