/biz/ - Business & Finance

>>25032566
Looks like a typical motive wave then corrective wave. We should be in C now.

You know, the craziest part about this entire space is just how ignorant people really are to the prices and why they do what they do. Everyone was stupefied at the fact Bitcoin hit $20k and I'm over here like bitch that was just a speed bump!

Did you know that by TA standards, McAfee actually stands a very sizeable chance of being right?

If you do not believe me, I implore you to learn very basic Elliott Wave theory. I also suggest you find the median price trend line for Bitcoin starting in 2008.

As far as Elliott Wave is concerned, once we bottom out, Bitcoin will have completed its very first full cycle. 1 full wave up, with an ABC 2nd wave down. Guess what happens next? The most violent, yet not shortest wave of the entire Elliott Wave sequence; wave 3.

People in this space are blinded by the puny all time high we created. A mere 20x. I say this like a 20x ain't shit right? That's because it isn't. Bitcoin is the highest profiting asset in HISTORY multiplied by a magnitude of 4, as far as profit is concerned. It has done 100x's in the past. Multiple times, might I add.

Now one could argue that those astronomical rises are a thing of the past right? What if I told you that once we find bottom in Bitcoin, it is not only possible but highly likely that the next bull run it goes on will absolutely eclipse anything we have seen percentage wise so far?

What if I told you Bitcoin could easily reach $1M by McAfee's 2021 prediction, but with about $9M in room left? Yep. A $10M dollar coin. What people won't tell you is that McAfees prediction is actually somewhat conservative. He may be a nut job but he isn't fucking stupid.

Do your fucking research before you panic sell your Bitcoin. Ps- Down vote me all you want but there is a very decent chance we see a $1,200 BTC or WORSE. There's way too much hope yet to be anywhere near a bottom. Unless of course this was the fake out of all fake outs. Like 6k was all year.