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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Update: THIS IS NOT THE BOTTOM. 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.
cnbc.com/2018/02/06/art-cashin-in-my-50-years-experience-stock-market-is-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:
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QQQ Top vs. BTCUSD top<deleted>
QQQ is enjoying a game of follow the leader with bitcoin too.
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