UnknownUnicorn2831343

Maybe BTC is ending a supercycle wave 1

BITSTAMP:BTCUSD   Bitcoin
...If so it would look like sort of like this. This 'correction' is already looking quite impulsive which would indicate this is a to b. We may see a gigantic bull flag since wave 1 -> 2 typically makes a bull flag.

Important to know, if we rise above 25,200 before we make a new lower low this entire idea is invalidated.

I will also include a daily chart to help visualize the short-medium term


Check out this perfectly technical double top when you look for inflation. Take the chart and / m2 money supply from the federal reserve. This would imply that the bear market actually started in may of last year and actually did not see a higher high. This is very important because when you consider this, it does not invalidate the 1>2 on a cycle.

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