Here s what our preferred Elliott wave count said on Feb. 5, 2021
When financial historians discuss past manias, many of them point to the South Sea Company of the early 1700s as a classic example.
The enthusiasm to buy a piece of the action was so great that even Sir Isaac Newton became in investor.
He, along with many others, eventually lost big time when the South Sea Company Bubble burst.
And, in late January, it looked like the modern-day mania surrounding the cryptocurrency Bitcoin had burst too, at least according to one major financial magazine (Forbes, Jan. 27). Here s the headline:
Bitcoin Has Crashed. Is This The End?