btc1019

BTC low might already be in...

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Comparing the Coinbase and Bitfinex 1D Bitcoin charts shows that the current low of 5873 and 6000 respectively is a valid m4 bottom. Both downward movements add up to a total of 24 which is a multiple of 4 by way of 6. We get this by adding the points from the 3 primary waves in the Coinbase movement, 2+8+14 and the 4 primary waves in the Bifinex movement, 0+8+8+2+6. This doesn't mean that we will not see a new low, it just means that the current low is a valid endpoint for the downtrend. It may be that one chart will make a new low while the other does not since exchanges tend to bottom and top out in a slightly offset fashion. The most likely scenario at this point (in the Coinbase chart) might be that price trades over to the trendline and then breaks out above to begin a massive third wave movement that will no doubt reach new highs.
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