So today, naturally, I spent the Fourth of July analyzing charts. Cause uhhh reasons. But I did spot a rather unconventional setup on the daily Binance BTT chart.
I'm still studying Elliot Wave Analysis, which I'm sure many of you know is a ridiculously extensive subject, so bear with me. But speaking of bears, this BTT chart bears a striking resemblance to what is known as an Impulse Wave Truncation. That is none other than when the last wave (5) does NOT go beyond the peak of impulse wave 3. The five-wave structure is inside truncated wave 5, hence the name.
I'm 0 for 2 on predictions this year, so obviously I'm doing pretty well.
In my defense, what a year it's been. In my opinion, though, even though this day-to-day price action is fun to watch and predict, we're all gonna have so much money in a few years it won't even matter. The so called "institutional money" will be cool or whatever, but more dumb money coming in is what we should concern ourselves with when it comes to these smaller cap coins; dumb money will follow the low prices, because it's dumb. And then to the moon, or Neptune, or Cancun or whatever these kids are calling it we go. Thank you and good night.
I'm still studying Elliot Wave Analysis, which I'm sure many of you know is a ridiculously extensive subject, so bear with me. But speaking of bears, this BTT chart bears a striking resemblance to what is known as an Impulse Wave Truncation. That is none other than when the last wave (5) does NOT go beyond the peak of impulse wave 3. The five-wave structure is inside truncated wave 5, hence the name.
I'm 0 for 2 on predictions this year, so obviously I'm doing pretty well.
In my defense, what a year it's been. In my opinion, though, even though this day-to-day price action is fun to watch and predict, we're all gonna have so much money in a few years it won't even matter. The so called "institutional money" will be cool or whatever, but more dumb money coming in is what we should concern ourselves with when it comes to these smaller cap coins; dumb money will follow the low prices, because it's dumb. And then to the moon, or Neptune, or Cancun or whatever these kids are calling it we go. Thank you and good night.