F*ck the small time frames, Traders/Investors need to see the bigger Picture.
Im not even a fan of Elliot Wave´s but on the Big Timeframes it is propably a leggit Theory.
One uptrend cicle roughly takes 9500 Days, according to this im expecting a HUGE correction arround 2030-2037.
5 Waves ending in that Timeframe, that means the Downtrend which comes afterwards will be Huge and 2000/2008 will be nothing against this (2000/2008 was only a Correction, not a downtrend on the macro View).
First Wave upwards (1945-1968) was 1430%.
Second Wave (1974-2000) was 2500%.
And the current wave upward is propably again atleast 2500%, likely even more.
This is more helpful to know for Investors then Traders i guess.
I suggest to atleast start to sell partially after 2030 and/or stop buying and just holding and see how things work out.
DYOR and have a nice Day.
Im not even a fan of Elliot Wave´s but on the Big Timeframes it is propably a leggit Theory.
One uptrend cicle roughly takes 9500 Days, according to this im expecting a HUGE correction arround 2030-2037.
5 Waves ending in that Timeframe, that means the Downtrend which comes afterwards will be Huge and 2000/2008 will be nothing against this (2000/2008 was only a Correction, not a downtrend on the macro View).
First Wave upwards (1945-1968) was 1430%.
Second Wave (1974-2000) was 2500%.
And the current wave upward is propably again atleast 2500%, likely even more.
This is more helpful to know for Investors then Traders i guess.
I suggest to atleast start to sell partially after 2030 and/or stop buying and just holding and see how things work out.
DYOR and have a nice Day.
First uptrend phase was V-shaped.
Second was a channel.
What will the 3rd sub uptrend look like?
My guess is a exponential resistance.
altho another channel would make sense too until now (we would be near top of channel currently)