It looks like there is a possibility that this is a triangle completed. It would imply wave IV and wave V here could go to 40k easily. It would become the primary count after a break above 16k.
Granted we're a lot higher now, but you'd think the guy who is considered the steward of elliott wave would at least have a sense of what is going on? Can he not count waves in a bubble?
Maybe it is a stupid question... But shouldn't BETI take into account the increasing market CAP? I mean, volatility should decrease with the increase of MC (so even a bubble over 1.5 might become sustainable given enough cap)
What if this is the strongest move bitcoin has ever had? Should the volatility be less then?
Post
Topic
BoardSpeculation
Re: BETI: Bitcoin Exponential Trend Index and technical analysis
Even so, market makers are going to need exposure to the underlying asset to be able to offset risk. We have a whole new class of buyers joining the party.
Post
Topic
BoardAnnouncements (Altcoins)
Re: ★★★ GameCredits - The future of in-game monetization ★★★
I'll probably have to update that chart soon to $100k tho as I'm getting hints on the longer term indicators that we've still not reached the inner most 3rd wave.
Post
Topic
BoardSpeculation
Re: BETI: Bitcoin Exponential Trend Index and technical analysis
For all the long-term follower of this thread, yesterday is a very remarkable day. We see the first positive BETI after 1295 days. Once a bubble was growing above 0 BETI, the tops were made in 48 days at most.
Darn it (<48 days), I was hoping that we will peak early in 2018 instead. Double peaking in $ terms is possible, though, which almost happened in 2013, early 2014.
We're in a much different type of move from the early days....
Post
Topic
BoardSpeculation
Re: BETI: Bitcoin Exponential Trend Index and technical analysis