Unapologetic_Capitalist
Short

BTCCNY - Microsoft News Coincided with Start of Wave 2

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
Here's another contrarian post to follow up my previously partially incorrect post.

At the completion of Wave 5 of 5 of 1, the news re Microsoft             accepting Bitcoins was released, thereby initiating Wave 2 up.

See https://www.cryptocoinsnews.com/microsoft-now-accepts-bitcoin-bitpay/
See https://commerce.microsoft.com/PaymentHub/Help/Right?helppagename=CSV_BitcoinHowTo.htm

I'm curious what effect it had on the market prior to the official news release, if any.

I'm also curious if M$FT timed the news to coincide with the end of this Wave 1 considering (i) the odd time the news was released, (ii) the fact that there was no forewarning or leaks of the news (unlike the PayPal rumors), and ( iii             ) the fact that it happened was right around the 340 (2080) support levels. But I'll have to take off my tin-foil hat, for now...lol.

Interestingly, Wave c of this Wave 2 spike was about 2.618 of Wave a (of this Wave 2) and, at the same time, the Wave 2 retracement was .764 of my Wave 1. These two figures coinciding seems to confirm my Wave 2 hypothesis but only time will tell since EW is only probablistic and not deterministic.
I expect to see this top tested some before Wave 3 really gets started.
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