Any eliot wave count pros here? πŸ€”

Is this valid? πŸ“‰

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Most likely invalid πŸ˜‚

Can you elaborate? Any rules broken? πŸ€”

Well mainly what nostr:npub16cpe069rjz6pm5t42xcyhcn66f5rr04k64df3g03fk2wctlrlhsqycedcd just said. Short-term predictions simply do not work for things like #bitcoin. Long-term dynamics is what matters and this is already well understood (halvings, bull markets, diminishing returns in each cycle, etc.). If short-term predictions were possible, big investors would hire the best AI and math experts to do those predictions. But this is not happening.

Weather forecasts are a good analogy here. We can predict weather changes in the next few hours almost perfectly. A day or two ahead - hard but doable. A weak ahead - nearly impossible. The problem is not our models (they are extremely good). The problem is the butterfly effect: a tiny change now can cause huge volatility in the future.

Same thing with #bitcoin. You can probably guess what will happen today or tomorrow, but there’s too many factors to make a confident statement about what will happen by the end of the year. We only know that there will be a halving soon, we know that *most likely* there will be a strong price increase and we know that *most likely* the expected return will be smaller than in the previous cycle.

Very good thoughts πŸ™πŸ«‚πŸ’œ

I recommend you to get rid of charts and focus on real value

the BTC fiat price has so many influencing factors and in my opinion simply does not reflect the value of bitcoin

πŸ’― i don’t do trading. I just came across this elliot wave theory and find it fascinating. So i want to play around with it and explore. πŸ™πŸ«‚πŸ’œ