1. How often, from your experience, does bitcoin's movements follow EW? I mean, that bitcoin's movements end up making sense in an EW perspective, and is not extremely surprising? I don't need a really accurate statistic, but just a general feel.
2. Taking a very very long term perspective, what are your thoughts on bitcoin (not bitcoin trading)? Do you think it will "go to the moon", or just end up being a good trading tool for a while and fade away?
1.) Bitcoin moves frequently in terms of EW, especially after large volatile, long pent up swings. It does not always in terms of my EW , and sometimes it is a bit batshit crazy, but not often at all imho. Dont disregard the value of adapting and retrospective analysis, the compiling of evidence is like playing russian roulette. Some say you can count everything, but I think nah, somethings are too ambiguos or just outside of the principle in character entirely and I think those times the signal is to walk away.
Watch this video.
https://www.youtube.com/watch?v=yVkdfJ9PkRQ
In many ways this is how the market is constantly changing in character, although it is always moving towards or from harmonic unison.
2.) I am fundamentally bullish on bitcoin, but I do not let that affect my counting (at least not any more). I am excited because I see that it may go 'to the moon' as it has before, but I also see that it may take a great deal of time longer than one might hope, and that we may still go a great deal lower than one might hope.
I have enjoyed my finest month of trading ever, up about 1200% after managing to string about 5 trades together on 20x leverage (Im a heavy swinger). But just you wait, you'll see me make a good few bum calls inevitably