Mycomorel35

Looking for the Pot of Gold at the beginning of the Rainbow!

Long
BITSTAMP:BTCUSD   Bitcoin
Looking at the Super cycle shouldn't we be looking for the C wave of wave 4. You can see I've pointed to the C wave in wave 4 of Wave 1 and 3. We should be looking for the same pattern now. Considering Bitcoin repeatedly truncates it's C wave we should be looking for a C wave termination around $7,000 but considering bearish market emotion we could easily see it pushed lower. Either way this count means we are looking for the start of Wave 5, the pot of gold at the beginning of the Rainbow.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.