interesting chart but on weekly chart RSI indicates Jun 2019 as a CYCLE 1, Mar 2020 as 2 and this now the top of 3. A retrace to 43K which would be .382 as 4 and then bounce to about 80K completing this 3 of the Super Cycle. The monthly shows divergence from 2013 to 2018 and its looking like divergence from then to now indicating this is a 3 of the Super Cycle. I know EW are subjective but thats how Im seeing the chart. Look forward to your reply and others comments
chuanwang999
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@JHOVA, Thanks for ur reply. About BTC, most 5th wave is the longest wave in any cycle. Usually is 3.618 times of wave 3. So i think this cycle wave 5 not lower than 200k.
yozr23361
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nice trend, do you think 2022 become like 2018 ??
chuanwang999
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@ali_1673, yep drop38%-50% then rise 200%. A huge moving and high probability to reach the final top.