bitcoin

The very BIG picture

BITSTAMP:BTCUSD   비트코인
I have zoomed out several times trying to figure out BTCUSD market, after trying to find answers on the past I finally decided to see the very BIG picture. So the first thing I spotted was a possible very BIG 5 waves formation and we are still beginning wave 4 with more 2 crashes to go in 2018 to have a complete ABCDE correction and finally start the all might extended 5 wave where people will get crazy and live only to buy crypto ! But until there we need to survive ! I have imagined two possible paths, one nearly close to 2014 where it rebounds a lot, near 17K, in order to cross the mean and start the 2nd crash, and another where it don't cross the mean, maybe hit it and come for an inner ABC where BC is the 2nd crash and finally the 3rd crash where almost everyone will get broke and panic will be widespread with everyone calling crypto "ded"
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