Is Bitcoin, Home Depot??! Bearish Case for BTC.

11 May 2020

Found this 5-wave EW setup that makes BTC look very similar to HD's chart of the past. Bearish $1-2k case.

11 May 2020

Not

Crypto Twitter and overall sentiment seems to be abnormally bullish. Especially when price continues to make lower highs and lower lows.

11 May 2020

Not

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.