BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
wave ((ii)) correction almost done. typical 61.8% retracement of ((i)) is likely.
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
just posted btcchina chart. i agree with you its bullish
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johnrfraser user100000
Thanks a lot. Yes, just saw your post...looking good, thanks again :-)
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looks like crunch time
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why CNY and not a USD chart?
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user100000 MironMajkes
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
got it. But you know that china volumen is fake, right (bots)?
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chessnut MironMajkes
Fake or not, its more liquid, and the charts are more accurate. the bots are paying for it.
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Yes. BTCChina leads in volume due to the fact that they have better market makers there.
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Looks like an ending diagonal wave c to finish ((ii))
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