Motive Phase: 13 Dec 2018 to 12 Nov 2021 can be labeled as 1, 2, 3, 4, and 5 (unfolding in 5 waves - motive waves).
Corrective Phase: 12 Nov 2021 to 19 Jun 2022 can be labeled as a double zigzag (Sharp corrections).
What to expect next?
Motive Phase! My vision is clear now.
Looking at it from a different angle:
Aug 27 Comment:
Bullish BTC, Bullish LUNC & Bearish UST! They are masters of disguise!
They want to tell you: Technical analysis doesn't work, because they think It messes with their Dump-Pump narrative!
Ignore people who sell UST now.
Fed is going to raise interest rates ...
US Fed Chair Jerome Powell says ...
Fed...
That’s What They Always Say! Some people have no idea...
Technical section (triple bottom):
Technical damage has been done!
a reversal pattern,
three bottoms should be nearly equal in size,
the volume tends to be low,
In a nutshell, an impulsive sequence towards the topside...
Will the Bear Market Continue?
As you know, there are five types of corrective patterns: Zigzag-Flat-Triangle-Double three-Triple three,
As you can see, "Double three" can be counted as complete, The only choice left is Triple three, Like it or not, that's it!
Triple three:
If the initial leg down (Zigzag No.1) was ($) -35600 and second leg down (Zigzag...
IMHO:
Chart Details:
Wave-2:
-Wave 2 (5-3-5), ABC,
-Wave C (Wave 2) = 123.3% of wave A (or 161.8% of wave A)
-Wave C ( impulse)
Wave-3:
-the news is "probably" still bearish,
-Volume picks up,
-(by wave 3’s midpoint) almost everyone realizes that a bull market is firmly entrenched,
Check out my previous analysis:
The chart above displays a double bottom pattern after a strong downtrend.
This means that there is a wide window of opportunity
Target- 1 = $ 0.05
Target -2 = $ 0.2
Target- 3= $ 0.282 (+850%)
