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كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
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As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
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The strongest case supporting your supposition is that a futher move down for the possible ABC I still have as an alternate is that time would be rather extended beyond normal expectation.
The move up from May low to Aug high was an "impulsive move containing 5 waves. It was not a corrective move in itself. The correction down from there was not a simple ABC correction but could have been one of the family of complex corrections and therefor could have completed at the 38.2% level.
Jury is still out until the 5997 high is exceeded.
the most important thing i've learned is to count the waves correctly... i see a lot of EWaivers doing the wrong count and getting confused in between....
the most improtant thing is to correctly identify if a wave is a continuation or it has ended... then you can do the proper counting of waves....
typically EWaivers get confused because of rules on percentage...
one good example is try to count the wave of GBP...
in essence from the bottom of 42xx level.... current wave is still in progress.... had GBP broken below 51xx(the last low b4 hitiing high)... then we can safely assume wave had ended at 5996.... but it didn't and will likely continue upwards.... and if it hits new high above 5996(then 5295 would be the main support) and if only broken would mean the wave has ended...
i haven't met anyone yet who understands this concept... actually very simple but most traders have been brainwashed with all the crap at starting stages of trading... they just follow what they think is right but never really understand the main concept beneath it...
idntifying the main supports/resistances would be the key to correct counting of waves...
If cable has topped out right here today we have a potential zig zag pattern in the making to continue correcting the move up from May low to Aug high. My 5220 or 5028 levels would typically complete the zig zag formation (ABC)
no need to be carried away by people who's egoes riding high coz they called it right 1 time....
just let them be... let their egoes do the trading and i'm certain where they'll end up... :)
Do you have a problem with that ?
If cable takes out the 1.5935 level the next upside target for me is 1.6054 assuming it takes out the previous high at 1.5997.
Those are the two primary counts on my daily chart for the time being.
very strong statement... let's see how good you are... :)
first support to break would be 5668.... then more importantly clear break and close below 5400 level.... in that case.... it would fall much deeper to 4500/4600 level.... not just 5000/5200... :)
well... still looks very well supported for now and breakout to the upside favored by next week... let's see... :)