I hope everyone is doing well at the end of this cycle. I’ve managed to make a decent chunk today, and have cashed back out to fiat. And will await market confirmation before possible further investments.
I’m going to lay out some arguments for both sides.
First Elliot impulse cycle started in July 2015 completing in July 2017 650 days
Second Elliot cycle lasted from July until Jan 189 days
Bull Arguments:
-Institutional Investors coming
-Potential ETFs (though still probably a few years away)
-Potential end of wave 2 in Grand Cycle
-Previous corrections historic channel was touched again
-New start to Elliot Wave cycle now in wave 1
- dot com bubble was 3bn. This is a global phenomenon
Elliot correction completion:
Bear Arguments:
-New money has/will stop flowing due to this crash
-Still overvalued 300% on log chart
-Technology is at best estimate 3-5 years from where it needs to be to support even a bit of adoption.
-700% yearly increase is not sustainable. Speculation will not last until technology is ready therefore Bubble has to pop. Repeat of 2013/14
-Most crypto coins are worthless besides speculation. Their increase in price recently has nothing to do with technological leaps. In most cases nothing has changed. Some don’t even have devs yet got valued in the billions.
-Tether will eventually collapse. Most exchanges have no fiat gateway. Tether collapse would bring down Binance, Polo, Bittrex, and Bitfinex. Mt Gox version 2
-Bitconnect collapse will gather media attention and regulation
Nasdaq 2000’s
Log Chart
I’m going to lay out some arguments for both sides.
First Elliot impulse cycle started in July 2015 completing in July 2017 650 days
Second Elliot cycle lasted from July until Jan 189 days
Bull Arguments:
-Institutional Investors coming
-Potential ETFs (though still probably a few years away)
-Potential end of wave 2 in Grand Cycle
-Previous corrections historic channel was touched again
-New start to Elliot Wave cycle now in wave 1
- dot com bubble was 3bn. This is a global phenomenon
Elliot correction completion:
Bear Arguments:
-New money has/will stop flowing due to this crash
-Still overvalued 300% on log chart
-Technology is at best estimate 3-5 years from where it needs to be to support even a bit of adoption.
-700% yearly increase is not sustainable. Speculation will not last until technology is ready therefore Bubble has to pop. Repeat of 2013/14
-Most crypto coins are worthless besides speculation. Their increase in price recently has nothing to do with technological leaps. In most cases nothing has changed. Some don’t even have devs yet got valued in the billions.
-Tether will eventually collapse. Most exchanges have no fiat gateway. Tether collapse would bring down Binance, Polo, Bittrex, and Bitfinex. Mt Gox version 2
-Bitconnect collapse will gather media attention and regulation
Nasdaq 2000’s
Log Chart
