BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
311 6 3
i believe wave 3 has ended. note wave 3 is shorter than wave 1. that means future wave 5 must be shorter than wave 3. we can calculate the limits once wave 4 has completed

note the bearish macd divergence inside wave 3 itself. signals the end of 3
Looks good. What do you make of all the bearish talk of return to $200 and lower?
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user100000 johnrfraser
i have no idea what others think. i just try try to count the waves as best as i can. it all depends on where this impulse wave ends and how far the retracement of wave 2 will travel. it could be shallow or deep. the main trend is now up. the bear market completed at 152 (A,B,C). market will zigzag its way to ~28,000 and silver to 90
+1 Reply
rivet.popper user100000
What would you say about LTC price, which trails BTC perfectly and trades interchangeable with it on all major exchanges? It is usually about 1% of BTC price, but that fluctuates.
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user100000 rivet.popper
sorry, i don't follow LTC
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... perhaps we are in a third wave extension
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user100000 chessnut
it appears so. wave ((v)) of 3 is extending
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