BITCOIN RAINBOW CHART august 13

in bitcoin •  3 months ago

bitcoinaugust13.jpg

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.....

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Your spot on!

The more you zig, the more you zag.

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But the less you zag the more you zig.

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