| | | MSTR Wave Count.
Lot of fascination with Bitcoin continues, and still plenty of bulls.
I like to do alternative wave counts against the bullish norm, awa with respect to the cycles.
If Mstr drops below ~ 130 the odds of this wave count being correct increase dramatically. Anyone who messes with wave counts realizes that alternatives are a good thing to do.
This one was very confusing, for me anyway, until more recently. Things just did not add up. Maybe more clarity now ... we C how it moves forward. I just did not think of B wave possibility until a month or so ago.
I track these, sometimes for a long time, if they come to fruition, I head in. Hope to live this one out, it could turn into a real Monster.
Tweets
- From the 2000 X top we have a 5 waver down, obvious. From there it gets more tricky.
- From the 2002 bottom to the 2015 (a) top we have a triangle for a 3.
- From that (a) top to the 2020 bottom we have another triangle for another 3.
- From that 2020 bottom we have another abc for another 3.
So far then we have a 5(333)? which reduces to a 53? pattern. It seems possible then we are gonna end up with a 535, for a big complex ABC pattern. There is nothing really unusual about this, just a long long B wave, time wise.
There is something else I have noticed over the years, is that when a big singular move occurs like that in the 1999 to 2000 time, the ensuing correction is often long and complex.
The C in process, if that is what it is, will not make a new low. But the TL should break, and it could easily go into low single digits.
So now the hunt is on, eh?
 |
|
