oaksacorn
Long

Complex Larger 2 Wave

BITSTAMP:BTCUSD   Bitcoin / Dollar
503 1 5
It is interesting timing for the low given the SNB news immediately following. This was a major event that speaks to the spirit of longer term significance of BTC . The smartest and most nimble Central Bank lifted the curtain. We can clearly see Toto's tail wagging. Note the weekly volume was meaningful to say the least. I think we may have completed a larger complex 2 wave with the lower 5 wave sequence ending the larger 1 at the highs. The weekly stochastic and the monthly for that matter may lend credibility here. SLV             and GLD             also lend some credibility to this. Of course, from a log scale standpoint, the possible larger upcoming 3 wave projection is mind boggling. Does this larger 2 wave make it to the lows of the previous lower count 4 wave - $63-$72? I would not bet on it. The SNB news was a profound event. The Central Bank crazy cat is now officially out of the bag. The Swiss put the world on notice. BTC may be the ultimate go to and she just arrived at the dance with a brand new Coinbase purse. Wait, I don’t see her date yet. Is it the Winklevoss ETF in a tux?
oaksacorn
2 years ago
Also, note hehe's analysis on the count for this larger 2. We got our Y - done. Very nice work. Time to Draperize.

$BTCUSD - Double Three - Follow Tim Draper!

Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out