BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
657 12 5
wave ((ii)) correction almost done. typical 61.8% retracement of ((i)) is likely.
chessnut
2 years ago
Looks like an ending diagonal wave c to finish ((ii))
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user100000 chessnut
2 years ago
expanding?
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chessnut user100000
2 years ago
yeah I guess so...
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MironMajkes
2 years ago
why CNY and not a USD chart?
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user100000 MironMajkes
2 years ago
because im very disappointed in the quality of the waves on some of the exchanges i look at. im not seeing proper wave development. there is missing sections or no follow thru. i notice odd incomplete wave patterns. atleast btcchina looks ok so far and makes most sense than other exchanges ew counts. the volume helps to form waves better with larger public participation creating good wave pattern
+1 Reply
MironMajkes user100000
2 years ago
got it. But you know that china volumen is fake, right (bots)?
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chessnut MironMajkes
2 years ago
Fake or not, its more liquid, and the charts are more accurate. the bots are paying for it.
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LastBattle chessnut
2 years ago
Yes. BTCChina leads in volume due to the fact that they have better market makers there.
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chessnut
2 years ago
looks like crunch time
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johnrfraser
2 years ago
Hi user100000, how's the EW count looking? 227 just under a 50% retrace of the previous wave on my finex chart, rsi bottomed and turning up so looks to me like a bullish retrace about to move in to another wave...I'm not sure which wave to call it though...have you an up to date 60min EW count?
Thanks a lot
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user100000 johnrfraser
2 years ago
just posted btcchina chart. i agree with you its bullish
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johnrfraser user100000
2 years ago
Thanks a lot. Yes, just saw your post...looking good, thanks again :-)
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