Satoshi-san Rises

27 maj 2019

Early morning Tokoyo - time Bitcoin Resurrection commenced. This the real deal not like so many failing rallies before. You see the Beast had died and turned to dust in the minds of many (Incl. this author). Nevertheless, over the next two months a nascient 5 wave pattern appeared advancing $ value by roughly 1/3. Before a vicious Wave II lopped off ~55%. Massive expansion in volume and MACD confirmed; as did A/D line. Investors were now buying the dips not selling the rallies.
I like to use the Pattern within the Pattern as a predictive tool - that the larger movement will display many of the same characteristics: The Macro mimicking the Micro. I am using a 2 hr chart for illustrative purposes. However if we dig down into the minute charts many similarities will distinguish. No doubt the monthly chart which leads me to predict a Macro Wave V conclusion in the 28K to 32K range will, "in the fullness of time" evince these qualities. Extrapolating two months hence from Nascent Wave 1 of I, we seem to be in Wave 5 of I targeting multiple resistance ~10K. Will a vicious Wave II wipe out ~55% of the resurrection rally ? Stay tuned.