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Its interesting how many people misunderstand Elliot Wave models or whats behind Price movements.... If you examine Metcalfe-Lee's formula for bitcoin valuatio
by fredgrott 8y ago
Its interesting how many people misunderstand Elliot Wave models or whats behind Price movements....
If you examine Metcalfe-Lee's formula for bitcoin valuation you will find that to predict price swings one has to track both:
Transaction volume and number of accounts involved in transactions
with those two pieces of info you can predict whether a starting wave is Speculative or consolidated, etc.
will put up a Medium article on Monday showing the ratio tools I came up with