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 ?
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
khoilevt the_batman
What , the news is china ban bitcoin? ..... OMG
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yep no longer valid.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.
haha you win ?? or did something just happen in the news..
+1 Reply
chessnut the_batman
haha idk havent heard anything so far.
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).
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.
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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