IndiaCharts

BitCoin

At the vertical red line I noted that Bitcoin was giving a lead indication by Topping out months in Advance to US stocks. AFter that the two have mostly moved up and down together as a clear reflection the global liquidity sentiment was behind the moves. The wave count of Bitcoin now indicates the next major leg down in wave (Y) has started and wave C of (Y) is going to break the 6000 mark. minor wave iii started today after wave B retraced 61.8% of A. The question is whether this is your lead indicator again of a coming decline in US stocks as everyone goes on to bet on the recent trendline breakout. Don't ignore this indicator of liquidity.

btc110518