BTCUSD (Bitfinex) - Support and Resistance - Weekly S/R
I've marked the chart with the main weekly S/R (black horizontal lines) considering three major events:
1) The announcement by CBOE and CME about BTC future market;
2) The beginning of future market transactions in CBOE;
3) The beginning of future market transactions in CME.
I think that the...
The shape of this Wolfe wave meets what Thomas Bulkowski says about it, as you can see on thepatternsite dot com. And makes perfect sense, since OPEC will do something to stop the incresing rate of the Baker Hughes oil rig count.