Sinex

BTC: Buyers Beware. Head and Shoulders was correct IMO

Short
BITSTAMP:BTCUSD   Bitcoin
Buyers salivating again that their is a bounce in BTC. They will not learn. The biggest BIGGEST mania, bigger than tulipamania, and they are expecting
100k! The likely outcome for me is that BTC is in a corrective ABC pattern. I do not use nor recommend Elliott Wave but it is useful. From a personal
history EW led me to many losses because of its subjectivity and I refuse to use it unless it is an OBVIOUS pattern and not a wave count. Time to test
your ability to wait and do nothing and practice patience. And yes the Head and Shoulders pattern was correct IMO.
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