I think we are now on the beginning of the 3rd-wave which the peak of the wave will be extremely high.
The price will be up to 30k-40k by the end of 2019.
This because the diagonals are formed in both of the 1st-wave (Leading Diagonal) and the 2nd-wave (Ending Diagonal at C-wave).
Normally, if the Leading Diagonal is found in the 1st-wave, it has the high chance...
The new cycle for NXT has been started since June 2016. The 1st-Wave of the new cycle form as a "Leading Diagonal".
Due to the huge volume at that time, the diagonal becomes to the huge "Expanding Triangle". Therefore, the 2nd-Wave is impacted and dropped severely.
However, the 2nd-Wave will be over soon. The price may go side-way for a while, then ready to fly...
I think the previous C-Wave is over already. For the previous cycle, the 5th-Wave is lower than the 3rd-Wave, so B-Wave will be the highest wave and the C-Wave will be quite long.
However, I think the C-Wave is over already, and now we are in the first wave of the new cycle.
Here's my short term target. How about you?
As comparing with the past;
In 2013-2014, BTC price increased from $13 to $260 (20x), and decreased 78.6%-88.7% from the highest price.
In 2014-2015, BTC price increased again up to $1,170 (26x), and decreased 88.7% from the highest price.
In 2017-2018, BTC highest price is 19k-20k which increases around 100x. If the price is decreased by 88.7% as the past, ...