So i didnt pay too much attention to his post and analysis but the things i read, for example:
the Elliot wave theory since its inception. made sense to me.
Im not an expert in this world i just take it as a big game or adventure and i see patterns and stuff that makes me choose what to do, and most of the time it works, and its enough for me.
I kinda dont like to think whats going to happen to Bitcoin 10 years from now because by the time i get there(if i get there) i think all the things i wanted from it i'd have it. so being like someone who thinks far steps in the future i think just whats going to happen to Bitcoin in 2 years tops.
right now im into other coins cuz, well i dont have Bitcoin, but its good to keep track of it since it influences all the altcoins, or most of.
I will just post the link to the analysis bellow:
Link with add:
And without ad:
ill post here what he said(TelecomTycoon), but the graphs and stuff you gotta check it in his post with the links up there:
"Bitcoin has been following the Elliot wave theory since its inception. After its first 5 wave impulse cycle ended in 2011, the price declined sharply in an ABC corrective wave pattern. Since then, a larger 5-wave pattern has formed over the span of 10 years. I think the market will surprise everyone again and head lower to under $2k. If you are a smart investor and a true believer, you would realize now is a bad point to invest in the long term. Bitcoin has "always gone up" because it was in an impulse wave count since inception.
This time is different.
There will be no bullmarket this time, infact we haven't completed our B wave when everyone was calling this the next bull run. Markets don't instantly turn from bear to bull like this did. I am expecting price to dump to sub $2K and then another B wave to complete a double zig zag correction. From hear I would be looking to sell at the top of the blue downwards channel or around $6K.
Then down to sub $500 where the institutions will be buying up all of the BTC from retail and early adopters. That's how a new bull market will happen."