In my opinion we can't just go uP for ever and it wouldn't be wise not to correct the fomo price level that was created. From mid October till end of December last year we went to mars and back to the moon but we still need to go back some more and place our feet back on earth before we can really gain some trust from the market. To many (myself including) are waiting at the side line for this and their trust won't be placed in a BTC that looks more and more like a bubble that could burst any moment.
All this, again, is my opinion and I too am very aware of the rumours of market manipulation. But "they" (whales, exchanges, miners, ect) are gaining too when people are trusting the market.
Careful out there and don't just follow someone else's TA, especially not mine. And it seems I can't say this enough, my name isn't Elliot! I too studied his work but don't go by his rules like he didn't go by the rules of his predecessor. Buddha wasn't a buddhist!
@Bleek, So why do you use Elliott wave tools, then (wrongly)?
UnknownUnicorn1065329
⋅
@CryptoCow, Cause I'm to lazy to draw it line by line. There's no draw tool that makes wave without markers as I know of.
BWPP ( •_º )
CryptoCow
⋅
@Bleek, But what kind of wave is it supposed to be, if not Elliott wave? ABCDE is a part of Elliott wave principle, there is nothing else which utilizes that.
Like this: