- See how exact is the development between waves 3,4 and 5 from the uptrend ( Wave 1 of the super cycle) and waves 3,4 and 5 from the downtrend (Wave 2 from the super cycle).
- Both periods, from wave 3 to 5, took almost the same time (133 candles vs 139 candles).
- We have reached a .78 correction level on fibonacci retracement.
- We have completed 5 waves of the corrective impulse.
- If you can see, there is also a divergence between the price and the RSI Stoch, which could mean a trend reversal signal.
- We have closed the lowest price of the trend with a hammer candlestick, which also could mean a trend reversal signal.
@Roch1978, Not obligatorily, this is crypto and everything could happen but, considering the similitude with the uptrend since wave 3 to 5, until it finished, and the time it took to finished to reach a new Maximum from wave 3, and other indicators like Fib retracement, key price levels, RSI, Stoch, and trading volumes it seems pretty like that we have finished the bloodbath to start going up into the 3 Wave of the super cycle (This downtrend was the 2nd one). But still have to wait to confirm, it will be defined in the next hours.
Roch1978
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@Pepe0722, Great. So I have to keep learning a lot about this to be able to be more effective. Thank you very much
Pepe0722
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@Roch1978, You are welcome. feel free to ask if u have later doubts.