Going UP $2K temporarily to TARGET AREA: 28998-28687!!!BITCOIN is STILL going down in a BEARISH MILLENNIUM WAVE (X) defining our BEAR MARKET and it seems to be dividing into a FLAT 335 ABC flat corrective pattern. I've am predicting BITCOIN is going UP temporarily about $2k against the corrective WAVE (X) in 5 waves (1,2,3,4,5) to end WAVE 5 of y od (IV). Please notice the rising wedge pattern as this is heading to my projected target area of 28998-28687. Then after this target area, BITCOIN will be going down HARD in a motive wave (V) to end WAVE (V) of Y of (A) which will be a very IMPORTANT PIVOT POINT since this will mark the start of a very BULLISH corrective WAVE B. THEN.... finally DOWN HARD again in a motive wave C to end our current BEAR MARKET!!! Please comment below to let me know what you think. I am highly interested in your opinion.
MILLENNIUM
$3k BULLISH WAVE (IV) UNDERWAY: TARGET AREA 29007-28687!!BITCOIN is STILL going down in a BEARISH ZIGZAG MILLENNIUM WAVE (X), and subdivided into WAVES W, X, Y. This BULLISH WAVE (IV) is a counter WAVE against the TREND (please notice the inverse head and shoulders), therefore I am predicting BITCOIN is going UP $3k in 3 WAVES (a,b,c) of degree CYCLE to my projected target area 29007-28687. Please comment below and let me know what you think.
$3k BULLISH WAVE ((b)) of (X) UNDERWAY: TARGET AREA 29443-29742BITCOIN is currently going down in a MILLENNIUM WAVE (X), and subdivided into waves ((a)),((b)),((c)). This MILLENNIUM wave is the 2nd largest wave cycle in the history of BITCOIN. Now, after hitting my previously projected TARGET AREA of 27558-27330 which ended WAVE ((a)) of (X), I am now projecting that BITCOIN is GOING UP $3k temporarily in a WAVE ((b)) of (X) to TARGET AREA 29443-29742. This BULLISH GRAND-SUPERCYCLE WAVE ((b)) is going to be subdivided into WAVES (w),(x),(y). WAVE (w) will be subdivided into 5 waves, WAVE (x) into 3 waves, and WAVE (y) into 5 waves. Please comment below and let me know what you think.
MCK Hotel Stock priced how it was 4 years ago - Awaiting AR ?This stock has decent fundamentals with a discounted cash flow valuation at around 70% undervalued at its current price of $1.77 at this time of writing. This company owns hotels all around the world and their market cap is above EV, their Book Value per Share in 2019 is at 6.78 and I suggest you find out the other fundamentals by yourself. Anyways, my opinion is that the market has priced in the Covid19 effects on this stock since this company is obviously extremely exposed to the effects of covid19 (lockdowns, border closed, etc...) since they rely heavily on tourism. However the company's latest annual report was for end of December 2019, and they do not seem to issue interim reports. Therefore we do not understand how much covid19 has actually impacted this company's financials just yet, so... Could this be a golden opportunity to keep an eye out for until their next report is released? What if covid19 has not effected their financial's as bad as the market has decided ? Their price at $1.77 is the price it was 4 years ago. Thats all for now from me. Food for thought!
Millennium Bank MILAs for Millennium bank I can bring about a few various combinations of future price movements. I submitted in my opinion two most probable ones.
Price movement from the May 20' looks like a complex correction though I expect another low before major rebound and rally - the only thing is how the 3-4 correction is going to be completed. At the moment I am waiting for 5th wave to come.