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...
As long as the price is not less than the lower low (1702), it's still fine.
However, if the lower low is broken down, we have no more wings and the chart has to be reconsidered.
Good Luck :)
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?
This one is quite difficult to determine the wave. It seems that the first wave for the new cycle is forming the "Leading Diagonal", so the next wave will be quite high.
Be prepared :)
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, ...
