Bitcoin Wave IV: The Wrath of Space Bears

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
While the bears have their wrath on Bitcoin lets have a detailed look at the wave 4 to see how exactly they did it. Wave 4 consists mostly of nested complex corrections WXY (basically all possible abc count is substituted with wxy, because abc count is based on 5 waves (which are non existent, making abc invalid) and wxy count is based on 3 waves, making it suitable for any correction. Both the abc count and the alt wxy count are provided in different colors side by side. Of course, counting waves is very subjective and is a matter of preference. Please, see my previous post on differences between abc and wxy. Shift click + drag on chart scales to enlarge.

The Star Destroyer sequence is of much interest on this particular chart. You would think that when the trend is invalidated after first 3 waves (wave 4 goes past the end of wave 1) the price will go down, but that's not necessarily the case. Instead, we've moved up to 10500 in an abc correction of a larger degree wave. That's something to remember.


There are rumors that some rebel space bears, some Ewoks, were dispatched for this important mission by Star Fleet Command, led by no one other than Chewie the Chewbacca himself. Yes, some fearsome brutal ruthless EWoks, those nasty cunning little creatures. They say, a shark bite is less painful than a bear hug by one of those. EWoks are known to be very territorial and aggressive especially when disturbed during winter. Those pesky little bears will attack their enemies in swarms and rip them apart with their tiny-tiny shiny claws until nothing remains. They're like little forest piranhas. And they love honey, they really do. They use primitive weapons and tools but still are very effective. They appear out of nowhere, take their enemies by surprise and viciously attack in hoards of large numbers leaving a path of destruction behind. And they've got an eye of a tiger dancing through the fire. That kind of pesky beasts they are. They're precise. They're unstoppable. They're deep forest legends! Their wrath is like Gods' wrath. I'm talking Big Flood. The bull stormtroopers of the Empire are no match for them but rather, some bull cannon fodder in walking AT-ST metal cans.

But, enough about the EWoks, you may ask: Why, is Chewie even a bear? Well, he growls like one, he smells like one and he's damn furry like a bear. And as you know, if something quacks like a duck, it probably is one. Maybe a distant bipedal relative. Could be. Sounds good enough for me. Now look at the damage they've done: Destroyed the Shield Generator and Communications Array in the forest of Endor, Blew up the Death Star, and smashed a Star Destroyer to pieces. The Galactic Trade Federation is estimating a 60% damage to the Empire after this crippling blow! They say, while Chewie has led the attack, he has not slept and eaten for three days! Not a single Porg! He did not have sex for three days! He did not even play any high stakes games! You know, being a hero is never easy. The history books will say that Chewbacca in the Millennium Falcon battled the Empire's forces and lead the attack on the battle station. And finally succeeded in restoring balance to the Force.

The rebel bears still suffered severe losses through the Death Star's superlaser, when the Empire launched a surprise wave 5 attack formation. But the bears quickly deflected, regrouped, and blew a massive Star Destroyer out of the sky. Dismantling the Empire one Destroyer at a time. Seems that with its leaders dead, the Empire began its long decline, with multiple bull warlords fighting for power. This courageous attack may mark the beginning of the end for the Empire. Makes you wonder, will the Empire ever recover after this deadly Ewoks' blow, build a new army, gather the forces of evil and go to distant moons to strike back and kill some rebel bear scum once again. Some say that this only may happen once in a Galaxy Far Far Away...
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