I have recently published an idea that we could be in wave B of a ABC correction, where the C wave would have a very violent downtrend, anywhere from 11k to 3k for BTC final wave. But looking closer at the charts and going back to the books, it has come to my attention that, a B wave on a ABC pattern, can too go above the wave A initial, or top of wave 5! To recognize a wave C we need to look for that 1,2,3,4,5 down pattern. That is exactly what we had with something that began looking like a double top, but it was actually correction waves A and B. So after wave B went above the prior top, wave C had a 1 thru 5 pattern. I do believe we are now part of wave 3 minor, of this major wave 1 in a new bull cycle! My opinion is that if we get a extended 1.618 wave 3 to 75k, we will get a reverse wave 4, that its measure could indicate what the final BTC top. By measuring wave 4 retrace, and having a target of -1.236 or -1.618.
Please feel free to share your own opinion. Thank you
Please feel free to share your own opinion. Thank you
