Guys, If anyone reads this, just a piece of information. And my Idea, and what i am sticking to.
BTC finished 5 Waves.
Topping at 69k.
Why Am I thinking this way?
By Elliot Wave Theory
• Wave 2 is typically 50%, 61.8%, 76.4%, or 85.4% of wave 1
• Wave 3 is typically 161.8% of wave 1
• Wave 4 is typically 14.6%, 23.6%, or 38.2% of wave 3
• Wave 5 is typically inverse 1.236 – 1.618% of wave 4, equal to wave 1 or 61.8% of wave 1+3
Please take a look at the percentages of Elliot wave 5. If you pull Fib extensions of wave 1+3, wave 5 extends exactly to 61.8%
Additionally, to support my Idea. Most of Alt Coins didn't even start wave 3 since the bull run is started. if you do Elliot wave count, most Alts just finishing wave 2 in wave 3, and what is expected parabolic run (wave 3 in wave 3).
Such coins are BTH, EOS , XRP, etc...
Usually, the Alt season starts with BTC going into B Wave in ABC correction. which is 3 wave move. 2 UP 1 down.
if this is the case... ALT season is almost here.
but here is a catch. If you watch the video I attached, please be careful... this correction can take way longer.
I expect BTC to do a Descending Triangle in the next 3-5 Years. which is a 3-3-3-3-3 wave.
Short term, I expect BTC to finish its fall to 35k Range, do 3 waves up to 57k (where the majority of people would believe, that we are still in the bull run) and drop in 5 waves to 16-24k rage. this will be a Floor to Future Triangle pattern in the Grand Cycle of wave 4.
BTC finished 5 Waves.
Topping at 69k.
Why Am I thinking this way?
By Elliot Wave Theory
• Wave 2 is typically 50%, 61.8%, 76.4%, or 85.4% of wave 1
• Wave 3 is typically 161.8% of wave 1
• Wave 4 is typically 14.6%, 23.6%, or 38.2% of wave 3
• Wave 5 is typically inverse 1.236 – 1.618% of wave 4, equal to wave 1 or 61.8% of wave 1+3
Please take a look at the percentages of Elliot wave 5. If you pull Fib extensions of wave 1+3, wave 5 extends exactly to 61.8%
Additionally, to support my Idea. Most of Alt Coins didn't even start wave 3 since the bull run is started. if you do Elliot wave count, most Alts just finishing wave 2 in wave 3, and what is expected parabolic run (wave 3 in wave 3).
Such coins are BTH, EOS , XRP, etc...
Usually, the Alt season starts with BTC going into B Wave in ABC correction. which is 3 wave move. 2 UP 1 down.
if this is the case... ALT season is almost here.
but here is a catch. If you watch the video I attached, please be careful... this correction can take way longer.
I expect BTC to do a Descending Triangle in the next 3-5 Years. which is a 3-3-3-3-3 wave.
Short term, I expect BTC to finish its fall to 35k Range, do 3 waves up to 57k (where the majority of people would believe, that we are still in the bull run) and drop in 5 waves to 16-24k rage. this will be a Floor to Future Triangle pattern in the Grand Cycle of wave 4.