But but...muh Elliot Waves !!!
So, it looks like Bitcoin took a major dump the last couple of days, apparently due to a Mt Gox trustee dumping a load.
Can anyone tell me which Elliot Wave predicted it ? Was it something in the Ichimoku cloud that we all overlooked ? Perhaps there was some 'death cross' going on somewhere, where the 48.3 day moving average crossed the 197.57 ?
This is going to sound crazy, but to me it's looks almost like price is dictated by news, economics and supply and demand !
What a crazy notion, especially when us experts know that price really moves because of imaginary lines of historical data, pulled out of someone's ass.
Kek.
About me -
I'm a full time financial trader, mostly in Forex and Commodities. I write for fun and try to help beginner traders get started, avoiding all the mistakes that I made. I'm always happy to chat or discuss ideas so please just give me a shout in the comments !
I'm currently trying to build up SP but everything I earn from Steemit is donated to a Steemit charity or worthy user.
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