Is Bitcoin, Home Depot??! Bearish Case for BTC.
Updated
Found this 5-wave EW setup that makes BTC look very similar to HD's chart of the past. Bearish $1-2k case.
Note
Crypto Twitter and overall sentiment seems to be abnormally bullish. Especially when price continues to make lower highs and lower lows.Note
Both have are on the 11th down candle from their respective peaks.Reasoning for HD being on 3 month and BTC on 1 month: Crypto trades 24/7, roughly 3 times faster than stocks... :D
If it follows similarly, should put BTC at $1700 by October 2020.
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