Dr_Cryptozilla
Short

BTCTHB Double WXY Correction: Forex Standard

BXTH:BTCTHB   Bitcoin / Thai Baht
There are plenty of ideas surrounding BTC             and theory about expectations. My view is standard from accumulated information, chart patterns, historical corrections from more established currency historicals (Forex).
I am not attempting to cause any harm to the Bulls or anyone that may be in a Long with this view. My TA here is to point out that there is a solid expectation that Cryptocurrencies have indeed experienced a Bubble popping from an inflated ATH             . This happens in many historical cases where you have had new revolutionary ideas that become inflated initially. My TA here is based on the current BTC             historical patterns showing a clear WXY Double Correction. This is applied EW theory and with more than 2/3rds of this process completed, projections become standard. This is what it shows. Cheers!
Comment: Easy explanation of Double WXY Correction here:
https://www.youtube.com/watch?v=u7FCh_MkX98
Trade closed manually: major pivot ... closing short...going long
Comment: Alternate Count: Bearish Cypher
Comment: Updated Extension:
Comment: Bullish Bat with Target
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