Despite folk's best hopes, the 4 hour BTC/USD chart looks to me like a classic Elliott Wave 5th leg setup. I've been waiting for BTC/USD to drop to $4,800, and I'm afraid I'm about to get my wish. A lot of people, for a while now, have been pushing, hoping, praying and maybe sacrificing small mammals to pagan deities in the hope that we don't drop, but I believe it will be to no avail. The nullifying factor is if we get a close on the 4hour above point number 4 - that will destroy this wave count.
I believe this will also impact most altcoins as well. If you need money, now might be the time to get it.
That being said, I think $4,800 is our floor. Have your checkbooks ready, b/c that's the buy point.
I believe this will also impact most altcoins as well. If you need money, now might be the time to get it.
That being said, I think $4,800 is our floor. Have your checkbooks ready, b/c that's the buy point.