Post by
arh0070 on Jan 21, 2022 10:18am
Bitcoin bear market
BTC and Ethe hit 6month lows today ,no evidence of retracement .
Coin down big time .
Coin puts highly profitable today .
BNXA holding up better than COIN .
I admire the longs in BNXA which of course doesn't include me who seems to have been pretty much the sole bearish voice on bnxa for some time .
The long term predicted low in BTC is around 13K according to the Elliot wave theorists I track .
In the last Bitcoin bear market. 4 years ago ,there were many financial casualties .
Cryptos are trading pretty much in tandem with the general stock markets which are very rocky right now .
BNXA will simply get swept along with what happens to the general markets and Cryptos .The more overpriced Crypto stocks will merely go down more.
The difficulty in predicting these trends lies not in what will happen but when???