Bitcoin's Correction: A Trail of Warning Signs for Stocks

12 thg 2, 2018

Bitcoin vs Dow Jones Industrial Average

BTC's Parabolic Move: 2+ Years
DJI's Parabolic move: 30+ Years

BTC's Correction: 70%+
DJI's Correction: 70%+?????

Is Bitcoin showing us where stocks are heading?

12 thg 2, 2018

Ghi chú

Update: THIS IS NOT THE BOTTOM.
There are numerous opinions out there, I'm sure most are trying to figure out what to do on Monday.

To those calling for a stock market bottom here.. ignore them, and never listen to their "market bottom predictions" ever again... ever. They are wrong If someone gives you financial advise on a particular topic and turns out to be wrong, never listen to that persons advice on that particular topic ever again. their opinion is invalid.

cnbc.com/2018/02/06/art-cashin-in-my-50-years-experience-stock-market-is-bottoming-out.html


Corrective Elliot Wave Rule:
"An initial 5-wave move against the larger trend is never the end of the correction, only a part of it."

Chart of the initial 5-wave move against the larger trend:

12 thg 2, 2018

Ghi chú

What is most likely to occur but STILL NEEDS CONFIRMATION:

An A-B-C corrective bounce to take place over the next few days followed by another 5-wave correction.

Quick sketch of the potential shape of this sell off. The prices are NOT accurate on this chart.

19 thg 3, 2018

Ghi chú

QQQ Top vs. BTCUSD top
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QQQ is enjoying a game of follow the leader with bitcoin too.