Bitcoin 0.33% has officially completed a 5 wave cycle and now must, much like the prodigal son, return home for a needed rest and by rest I mean an correction.
According to what I was able to find on stockcharts.com typically an terminates around the end of previous wave 4, note this is typical behavior but by no means assured.
The end of the 5 wave cycle hypothesis is strengthened when coupled with the formation of and breakdown from a (I will zoom in so you can see the breakdown clearer in an update).
I will be sure and update this chart while using it as my primary macro analysis base but will continue to publish new ideas with a look at more immidiete price action.
As always, please leave ANY AND ALL comments below and thank you for taking the time to study my chart.
All the best,
Since exchanges don't care about bitcoin, but $ only and history tends to repeat itself, low 3 digits I expect as well in such circumstances. This TA meets FA.
This 10 billion usd(t) came from exchanges, not whales. I know many whales got rekt in that 45% pump. When regulated and those exchanges get audited, they will claim hack or cover up their own books, because we know they trade against their clients and coordinate those pumps, there is no way in hell that a normal trader or whale places/spoofs 500-1500 btc wall at the top of a pump on kraken, bitfinex and binance, then remove when is selling. All washtrading their own books.