Super Longshot BTC TopNot sure why I've never posted this before, but potentially we are on Wave-4 on the larger scale for BTC (currently in Wave-B ). I've put the bottom of Wave-4 at the 61.8% retracement of Wave-3, because Wave-2 retraced 38.2% and the rule of alternation suggests that Wave-4 should cover more price range. It's also the top of Wave-1, and Wave-4 should not retrace into Wave-1/2 territory ever to be valid, so this seemed pretty reasonable.
I've put the end of Wave-4 at the time where (assuming Wave-B finishes exactly in the same amount of time as Wave-A) Wave-C = A+B time.
This then gives us an insane upside for BTC Wave-5. It looks like Wave-1 was the extended wave, so Wave-5 won't be massive in vertical size on log scale... however, it still could be HUGE in price as stuff gets silly on log scale very quickly at these levels. Targets for Wave-5 are based on:
-38.2% of price from bottom Wave-1 to top Wave-3, measured from the bottom of Wave-4
-61.8% of price from bottom Wave-1 to top Wave-3, measured from the bottom of Wave-4
-100% of price from bottom Wave-1 to top Wave-3, measured from the bottom of Wave-4
Use the left scale - I had to do a few tricks to get the fib retracements to work correctly and the right scale isn't accurate at all.
Not holding my breath on this idea, but the retracement of Wave-1 in the last correction ( Wave-2 ) is perfect at the 38.2% spot, and my guess at the retracement for Wave-4 lines up super perfectly with the top of Wave-1.
Who knows... maybe we'll all be super rich in a couple years? Hahahaha....
Definitely not financial advice, I'll cry if this happens.
Ignore the indicators.
