Quote from: gabmen on January 26, 2020, 12:07:56 PM

Quote from: DevilSlayer on January 26, 2020, 05:42:47 AM

Are you aware about the elliott wave? There is a deep pullback that happen right now where the price breakdown. If the price recovers where it beat the previous high which is at around $9000 then there will be a next wave happen. A typical wave consists of 5 parts, the 2nd part and the 4th parth are the pullbacks. The 1st, 3rd and the 5th are the markup stages. We are in the 2nd wave and I know that it is just a healthy pullback where the bitcoin can easily surpass its current resistance.

If it just were that easy to determine dude. The thing is, we don't know how long this second wave is going to last. That is if we're following your elliott wave, which i don't think is even that much reliable in reading the chart movement.

Right, if bitcoin can be predicted by this method easily and accurately the a lot will be millionaires now but sad to say bitcoin is more than that. The theory does have a point but I can't say that it is 100% accurate or reliable because of the fact that no strategy was able to predict the price of bitcoin consistently but who knows maybe this would be the first.