I'm seeing that BTC has completed or just completed the orthodox low of the Supercycle Wave IV on 3/17, bouncing higher with volume. The bear market may be behind us from this day.
We hit almost a 78.6% retracement of Supercycle Wave III when BTC hit $5.8k on 2/5/2018.
If the current uptrend is indeed the start of Supercycle Wave V, I'm looking for it to hit the top of my parallel channel and possibly end at ~$24k before a big Supercycle A-B-C correction.
Need to continually update the chart as developments occur, which prove or disprove the current story, and makes the forecasts even more accurate.
-AL168
March 20, 2018
We hit almost a 78.6% retracement of Supercycle Wave III when BTC hit $5.8k on 2/5/2018.
If the current uptrend is indeed the start of Supercycle Wave V, I'm looking for it to hit the top of my parallel channel and possibly end at ~$24k before a big Supercycle A-B-C correction.
Need to continually update the chart as developments occur, which prove or disprove the current story, and makes the forecasts even more accurate.
-AL168
March 20, 2018
Comment:
Please note that the A-B-C correction is exaggerated, more like a reminder that I will sell if all signs confirm my $24k top. Will be refined as it starts developing.