Seriously? The author is using technical analysis, and Fibonacci levels, to determine the probability of support levels and future movement. The author is also a very successful trader and is a paid analyst with Elliott Wave Trader. He doesn't need me to defend him; I just get aggravated when I read comments such as yours. The author isn't saying that prices are going to go down or up: he's saying, if it holds at this support, then the probability is we're due for a bull run (Wave 3)... and if that support doesn't hold, we're likely going into a deeper bear market. Don't be so quick to judge, please. I've read some of your analysis, as posted on Steem- you're not in a position to talk badly about another analyst.
RE: Weekly Opportunities in Cryptocurrency: The Bottomed Held. Time to Go?