Frequently when posting charts, we get asked 'how low will BTC go?' This implies that the bottom can be known with any degree of certainty. The reality is that nobody knows or can know otherwise they could make Trillions of dollars trading and selling that information to others. We use Fibonacci Extensions to estimate the end but then let the wave structure play out. Elliott Waves as we have said previously is a highly complex puzzle structure with each puzzle piece given one at a time, those that can forecast the wave structure correctly at the earliest possible moment win the game and take home cash prizes. Therefore, we do the best we can to allow the charts to tell us the future possible direction and place trades that give us an edge in the markets aligned to the probable outcome.
News:
Arizona Becomes First State To Allow Taxes To Be Paid In Bitcoin:
https://cointelegraph.com/news/us-arizona-senate-passes-bill-to-allow-tax-payments-in-bitcoin
Ripple Signs Massive Deal With UAE Exchange:
http://bitcoinist.com/ripple-signs-massive-deal-with-uae-exchange/
Blockchain Spending Set To Grow At 81% Per Year Through 2021:
https://finance.yahoo.com/news/blockchain-spending-set-grow-81-141200896.html
