Long

The Fifth Wave of The Third Wave

Updated

I firmly believe we are in a Great-Accumulation era.

snapshot

Technical Section:

BTC is completing the fifth wave of the third wave of a five-wave rally.

snapshot

snapshot

snapshot

As shown on this chart, wave 3 is less than 161.8% of wave 1, as a result, the 5th wave overextends itself.

Extended Wave 5 = either

61.8% x length of (beginning of Wave 1 to top of Wave 3) ($ 90k)
or
= 100% x length of (beginning of Wave 1 to top of Wave 3) ($ 109k)
or
= 161.8% x length of (beginning of Wave 1 to top of Wave 3)

Note

Short term:

snapshot

Note

Dramatic reversal ahead

snapshot

Note

snapshot

Note

Update

snapshot

Note

;)

snapshot

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.