Post
Topic
Board Altcoin Discussion
Re: Is this the fourth wave, should we expect fifth prior to uprise
by
bestcomputerpsycho
on 16/08/2018, 06:38:25 UTC
this seems to be fourth wave, as per eliot wave theory, should we expect fifth wave down, prior to uprise from these levels?
i could see it as third as level, since third is tiny confirmed with breakout, but until new year, according to period of waves, we should be on green waves to high levels...

I used to trust in TA but now it seems it's not trust worthy at all. Whenever there's a fall or rise, these youtubers or analysts came up saying that right now chart is following this structure and will do this next, and cautiously they mention that it can do otherwise too following this pattern. Basically they give both option of rise and fall of the coin. So what's the point in showing them? anyone can say this. There are n numbers of chart patterns, so it surely gonna follow any one of them, no big deal