Bitcoin's Correction: A Trail of Warning Signs for Stocks
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?
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?
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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.
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.
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QQQ Top vs. BTCUSD top
QQQ is enjoying a game of follow the leader with bitcoin too.
QQQ is enjoying a game of follow the leader with bitcoin too.
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.
www.cnbc.com/2018/02...s-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: