What to Expect at the Bottom of BTC and thereafter ?
As you know Wave (v) is the last wave of this downtrend. Here are some facts that you need to know before you can trade in this wave and after
1. Wave (v) got 5 subwaves inside which is i ii iii iv v
2. Wave (v) is usually 0.618 - 1 of Wave (i)
3. If Wave (iii) is extended or longer than 1.618 of wave (i) then there is a high chance that wave (v) is truncated
Now let's see a couple of reasons why wave (v) can get truncated. Please note this is just an example. This totally depends on wave (iii)
Wave (i) = 7026$ & the size of Wave (i) is 1558$
Wave (ii) = 7790$
Now let's imagine that Wave (iii) did 1.618 = 2520$+ which takes the price down to 5270$
If Wave (iv) do a retracement of 0.5 then the price will go up by 1260$ = 6530$
If Wave (v) only do 0.618 of Wave (i) which is 962$ then Wave (v) will only go down to 5568$
Note that this level is a bit higher than the wave (iii).
This usually happens in the trend reversals so there is a high chance of having a truncated wave (v) with bitcoin if wave (iii) is extended or longer than 1.618
More info about Truncated wave (v): www.lifestyletrading...-truncated-5th-wave/
I have see these multiple times with Alts. This is due to high demand in end of wave (iii) area. Even though wave (v) goes under wave (iii) i have seen cases where alts wave (v) not going down below wave (iii). i.e: xrp was down to 0.45 @ end of wave (iii) of btc. when btc goes up to wave (iv) xrp goes upto 0.55 and when btc wave (v) goes down below wave (iii) xrp might go down to 0.46 but not below 0.45
4. Exchanges will crash, freeze and fail to execute limit orders. We all know this has happened before and continue to happen in the future
5. After wave (v) is completed then the price shoots up starting a new cycle. This is because Whales / Cartel will have preplanned buy orders waiting to execute.
This is also called sell walls: cryptobillionaire.st...take-advantage-of-it
Here's a couple of examples of the market cycle changes
6. Then you can expect BTC to start a new Cycle as it always did after this two double three correction pattern.
7. Also expect BTC to go upto 10 times the lowest point according to the 5 year average of the Bitcoin cycles: snag.gy/xcbm6P.jpg This depends on how Cartel going to suppress the bitcoin prices.
Good luck
RISK DISCLOSURE:
Please note that this is purely for Educational purposes only and not as Individual Investment Advice. If you choose to follow the above techniques you do so at your own risk after giving thorough and reasonable thought and consideration to your actions and their potential consequences
1. Wave (v) got 5 subwaves inside which is i ii iii iv v
2. Wave (v) is usually 0.618 - 1 of Wave (i)
3. If Wave (iii) is extended or longer than 1.618 of wave (i) then there is a high chance that wave (v) is truncated
Now let's see a couple of reasons why wave (v) can get truncated. Please note this is just an example. This totally depends on wave (iii)
Wave (i) = 7026$ & the size of Wave (i) is 1558$
Wave (ii) = 7790$
Now let's imagine that Wave (iii) did 1.618 = 2520$+ which takes the price down to 5270$
If Wave (iv) do a retracement of 0.5 then the price will go up by 1260$ = 6530$
If Wave (v) only do 0.618 of Wave (i) which is 962$ then Wave (v) will only go down to 5568$
Note that this level is a bit higher than the wave (iii).
This usually happens in the trend reversals so there is a high chance of having a truncated wave (v) with bitcoin if wave (iii) is extended or longer than 1.618
More info about Truncated wave (v): www.lifestyletrading...-truncated-5th-wave/
I have see these multiple times with Alts. This is due to high demand in end of wave (iii) area. Even though wave (v) goes under wave (iii) i have seen cases where alts wave (v) not going down below wave (iii). i.e: xrp was down to 0.45 @ end of wave (iii) of btc. when btc goes up to wave (iv) xrp goes upto 0.55 and when btc wave (v) goes down below wave (iii) xrp might go down to 0.46 but not below 0.45
4. Exchanges will crash, freeze and fail to execute limit orders. We all know this has happened before and continue to happen in the future
5. After wave (v) is completed then the price shoots up starting a new cycle. This is because Whales / Cartel will have preplanned buy orders waiting to execute.
This is also called sell walls: cryptobillionaire.st...take-advantage-of-it
Here's a couple of examples of the market cycle changes
6. Then you can expect BTC to start a new Cycle as it always did after this two double three correction pattern.
7. Also expect BTC to go upto 10 times the lowest point according to the 5 year average of the Bitcoin cycles: snag.gy/xcbm6P.jpg This depends on how Cartel going to suppress the bitcoin prices.
Good luck
RISK DISCLOSURE:
Please note that this is purely for Educational purposes only and not as Individual Investment Advice. If you choose to follow the above techniques you do so at your own risk after giving thorough and reasonable thought and consideration to your actions and their potential consequences