chessnut

Bitcoin at medium term bottom.

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
367 14 3
This is a fine EW count for BTCCNY             and BTCUSD             . Triangles are terminal moves, buying in this area is a high confidence trade. Stop under 2000.
are you sure ?
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the_batman khoilevt
i'll tentatively answer: this chart is invalidated as of last night. (I got source that says new info/event has come out of china-- another "bitcoin ban" of sorts.)
+1 Reply
the_batman the_batman
tentative
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khoilevt the_batman
What , the news is china ban bitcoin? ..... OMG
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chessnut the_batman
yep no longer valid. pity about that. thx for heads up on possible china ban its the first ive heard of it.
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haha you win ?? or did something just happen in the news..
+1 Reply
chessnut the_batman
haha idk havent heard anything so far.
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My count is different (B => ii on your chart), using a combo of Bill Williams' objectifying tools + averages with the USD exchanges. TLDR targets are 2000 (minimum) and 1890 (max).
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the_batman the_batman
Er rather, this count makes sense for /this/ chart., If you look at /all/ charts, you'd see that B is a textbook flat and the fifth wave of A is truncated.
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chessnut the_batman
You could be right but the reason I labeled it like that is because on Okcoin there was a bullish triangle that played out textbook. the spike on huobi was a strange thing, as if the triangle broke down on huobi, and then up on the other exchanges. anyway, thats all behind us now.
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