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RE: Bitcoin (BTC) Mid-Day Update: Bitcoin Misery Index (BMI) Flashes a Buy Signal

in #bitcoin7 years ago (edited)

I seen someone else post a very similar count and it does look good even though I'm not big on Elliot Wave Theory... I do believe we go down further yet and so you could very well be right with that count :) @leventuzun

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I think you might be interested in this one too, just to show you a finished cycle:
Go to tradingview.com and search for Amazon (AMZN)
Put it on a Weekly chart and go all the way back to 1999 - 2002 (auto)
Check out april 2001 and oktober 2001
Overall, look how similar the chart looks with BTC (althoug things now aday's happen a lot faster)

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