Hi everyone,
Long shot on this call - I was more or less playing around with sine waves on the BTC pair for MITH and came up with this (possibly because I happened to want all of the waves to intersect where they do - or - possibly because they actually do signify the changing of trends at this point. I'm not sure).
However, what I really am basing this call off...
Not sure why I've never posted this before, but potentially we are on Wave-4 on the larger scale for BTC (currently in Wave-B ). I've put the bottom of Wave-4 at the 61.8% retracement of Wave-3, because Wave-2 retraced 38.2% and the rule of alternation suggests that Wave-4 should cover more price range. It's also the top of Wave-1, and Wave-4 should not retrace...
What in the world is this nonsense? Looks to me like Google investors are VERY confused! I wouldn't touch this thing with a 10-foot pole.
Just wanted to share my thoughts on this ridiculousness...
Bitcoin: BTCUSD
The new long is going quite well, so far...the measurement
implication of the pennant formation is 8079.
However 7890 is the absolute high and profits should be
realised now. Look to go long again on break above 7900 for
move to 8079. Stops 50 to 200 below
Careful here right on the highs can take profits here if day
trading or raise stop to...
