Quote from: John999 on January 31, 2020, 11:11:22 AM

It would be an interesting scenario indeed. The max pain scenario. Everybody gets excited about the halving and instead price drops like a rock creating a wave of despair.

I don't think that's the max pain scenario. Too many people are bearish. Too many are saying things like "the halving is already priced in." I've seen a bunch of people claiming the stock-to-flow model has failed too.

People sound just like they did in early 2016. Remember what happened 2 months before the 2016 halving? (Hint: the price doubled!)

Quote from: Leon83 on January 31, 2020, 11:37:00 AM

Drawing a squeezing wedge on the linear chart on macro level is pretty meaningless in my opinion.

I didn't want to be the one to call that out, but yes. I don't know what he's thinking.

Quote from: BitcoinNewsMagazine on February 01, 2020, 06:18:22 PM

Elliott Wave is not that useful for trading cryptos IMO. Too many alternate wave counts.

This isn't specific to crypto. Multiple alternative wave counts are necessary when analyzing any instrument.