Topic: This chart illustrates why this is III and not a 3-3-5 - page 2. (Read 2961 times)
The "bitcoin market" is a tiny little thing that is moved completely by a few large players, very much like microcap stocks where manipulation is the rule, not the exception. Why would Elliott wave analysis even be relevant to begin with? Marketplace sentiment need not be estimated here, just watch the big boys as they turn their game tokens into useful cash, not that I would encourage "chasing" trading activity in a obviously rigged market
Are 3-3-5s really this huge? Look at that RSI, above 70 for the first time in 6 months. The other "rallies" on the way down pale in comparison with this one.
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