STRAT Update: Jaws of WEALTH's RIPPING OPEN WIDE !!!

haejin (88)in #bitcoin • 7 years ago (edited)

SUMMARY
Crazy! Nuts! Out of your mind! These might be some reactions. I simply draw the top and bottom lines to show the JAWS of WEALTH pattern and then place the Elliott Waves. Take this as you want and even I can't fathom what event or news shall drive this.....but R.N. Elliott said: News or an event shall arrive to justify the forecast! Watch the video for full details.

PS: This was made yesterday and I forgot to post so, posting now.

If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

#strat #cryptocurrency #blockchain #kr

7 years ago in #bitcoin by haejin (88)

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ramirezi (29) 7 years ago

Thank you very much haejin! Very informative TA.

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haejin (88) 7 years ago

please come back often for more regular updates!

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attila73 (4) 7 years ago

This is just impossible.
98,555,871 tokens times 2100 = 206,967,329,100

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haejin (88) 7 years ago

Yes, crazy, nutty, out of the world....But can you critique the EW count I posted? Is it wrongly labeled? Does the pattern not make sense? Sometimes crazy works!

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attila73 (4) 7 years ago

No, I can't because I do not know anything about the EW.
If the dollar collapse everything is possible. :)

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haejin (88) 7 years ago (edited)

I don't think dollar will collapse, but DEFLATIOn could happen like in almost every recession. For FIAT, deflation is bad. For Cryptos, like BITCOIN, deflation is very good! Satoshi had the wisdom to make deflation an innate part of bitcoin such that it is infinitely sub-divisible into smaller parts while thus the value of a whole bitcoin becomes more and more massive. So, no inflation for bitcoin.

I believe the stocks are due for a massive correction....maybe in a year or so? By perhaps mid 2019; the jaws of death could chomp chomp on the SPX and DOW.

Here is the DOW jaws of death: