BTCCNY EW juncture - long opportunity, Big Mac special.

BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
219 6
This is a clear cut and robust EW juncture in the BTCCNY pair that rounds off an abc correction from the 1900 high. With a certain impulse here following a terminal triangle, we can expect higher highs from this point even in a bearish case. With rumours that McDonalds will be accepting bitcoin soon, this is not a juncture I would want to miss out on.
Well this really sucks, although a larger flat correction will probably play out in this range considering that this is following an abc terminated.
I believe user100000 has a similar EW count as you in that you both believe that Wave C is over, while some other EW's, such as myself, believe we have one more wave 5 down, which seems to have started today around 3pm CST (according to our alternate count).

If my count is correct, we should know this weekend. ;)

Unapologetic_Capitalist Unapologetic_Capitalist
Regardless, there are some good trading opportunities where your count and my alternate count both coincide. Thanks.
chessnut Unapologetic_Capitalist
Yeah actually Im not sure if wave C is over either! I think very possible each way. I think it is short term bull as of late but yeah, will see!
Unapologetic_Capitalist Unapologetic_Capitalist
Reviewed my chart after reading your comments and noticed that 1 and 2 were indeed mislabeled. The ending diagonal and fibonacci cluster analysis remains the same.

Unapologetic_Capitalist Unapologetic_Capitalist
thx chessnut
+1 Reply
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