Hot July: Pt. 1 From Indecision to Decision (Bitcoin)
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Digging deeper into the market bottom using elliot wave analysis on Bitcoin and alt coins in order to predict the change of trend and how time plays a huge role in that.
Nota
Clarification: At one point in the lecture, forget if it was part 1 or later, I mispoke in using the term 'candlestick' when talking about how I was expecting June to be the monthly bottom (thus the expectation for July to be a green monthly candle). If you continue to listen, and listen closely, it becomes apparent that I am talking about the monthly *line chart, as is generally the case unless I specify otherwise.Nota
Line charts are based off of closing prices, thus, in order for a (insert given time unit) chart to bottom, the next time unit would have to close higher.So, to be extremely clear, a better way of communicating what I mean (in that it would be more consistent) would be to phrase it like this: "my expectation is and has been that June will be the montly bottom on a line chart, thus, if proven correct would mean July will close higher than it started"
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