BITCOIN RAINBOW CHART august 13
This whole zigging and zagging downwards look like a big complex wave A. Recent rally looks more corrective than impulsive so I labelled it B (although it could be a wave a of B). Still expect more downward pressure. BTC needs a capitulation event to get this super cycle wave IV over with. Bulls have to throw in the towel.....
Your spot on!
The more you zig, the more you zag.
But the less you zag the more you zig.
More crap post