Bitcoin - Is the WXY correction about to end?
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Hello my fellow Bitcoinistas!
Is it possible? Is this complex correction about to end? It could be. After reading up on "double three" corrections we have a Flat, followed by an (any three) X Wave, followed by a 5-3-5 ZigZag OR...…………… a TRIANGLE. Well, this crazy shit they call a chart looks more like a triangle forming than anything else.
Do you agree?
See the following link for an example
" elliottwave.net/educational/basictenets/basics3.htm "
Scroll down to the section labeled "Combinations (double and triple threes)
I'm still long since the beginning of time and plan to remain long no matter how this plays out. With BAKKT starting in a few weeks it's not time to get cold feet IMO. Good Luck!
Is it possible? Is this complex correction about to end? It could be. After reading up on "double three" corrections we have a Flat, followed by an (any three) X Wave, followed by a 5-3-5 ZigZag OR...…………… a TRIANGLE. Well, this crazy shit they call a chart looks more like a triangle forming than anything else.
Do you agree?
See the following link for an example
" elliottwave.net/educational/basictenets/basics3.htm "
Scroll down to the section labeled "Combinations (double and triple threes)
I'm still long since the beginning of time and plan to remain long no matter how this plays out. With BAKKT starting in a few weeks it's not time to get cold feet IMO. Good Luck!
Note
Step right up Ladies and Gentlemen and place your bets!Will Bitcoin break out of the top of the triangle soaring to new hieghts or will it crash through the bottom seaking new lows? Only time will tell. Step right up and place your bets. Only $10,125 dollars per ticket!
Note
People always say "This is not financial advice". I could say that too but if I were to give financial advice mine would be very simple. "Get rid of any financial asset you own that can be destroyed with a match." Or at least some of it.Bitcoin, Gold and Silver are the only forms of money a match can't touch. We can't say that about a stock, bond, cd, fiat currency, mortgage, etc. Think about it. If stored correctly even a fire can't destroy Bitcoin. Even a fire hot enough to melt gold cannot touch Bitcoin. Think about that for a minute.
I'm not suggesting you sell everything you own and put it all into Gold and Bitcoin. We all need a little cash and perhaps a little bit of this and a little bit of that. But for those whoes entire net worth is heavily weighted in paper only should probably think about deversifying or at least buy some fire insurance.
Bitcoin and Gold could be the portfolio insurance you need if all your other shit catches fire as these markets get tested like they've never been tested before.
Like I started this post, "This is not financial advice" I'm just thinking outloud and letting you people listen in on my most private thoughts. lol
Good luck out there. It's going to be a bumpy ride IMO. Protect yourself as best you can.
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