Based on elliot wave theory we are at middle of 3rd wave.
Which is most profitable wave. The news is positive /ETFs approved, halving is coming in 2 months everything is good right?/ fundamental analysts starts raise targets. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to "get in on a pullback" will likely miss the boat. As wave 3 starts the news probably still bearish and most market players remain negative but by wave 3 midpoint, "the crowd" will often join the new bullish trend.
Wave 4
Wave 4 is typically clearly corrective. Prices may meander sideways for an extended period, and wave 4 typically retraces less than 38.2% of wave 3. Volume is well below than that of wave 3. This is good place to buy a pullback if you understand the potiental ahead for wave 5. Still, 4th waves are often frustrating because of their lack of progress in the larger trend.
Wave 5
Wave 5 is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Volume is often lower in wave 5 than in wave 3 nad many momentum indicators start to show divergences, prices reach new highs but the indicators do not reach new peak. At the end of major bull run, bears may very well ridiculed, recall how forecast for a top in the market during 2007 and 2020 were all rejected.
People gonna say "There is no way we are at already middle of cycle. "Halving bull run" is not started yet. ETFs approved big moneys are coming
1M
per BTC is possible" etc. Yup maybe youre right, bull run is just starting or maybe ure wrong.
Yes, crypto market is crazy place, when it pumps it doesnt care about anything just prints big green candles and some alts make 100-1000x. Place with full of potiental and opportunity.
But, you gotta stay woke. Dont listen big medias, dont let fake influencers manipulate you. Set your targets and goals. Dont be too greedy. Have a realistic look. WAGMI
Love and Peace <3
Which is most profitable wave. The news is positive /ETFs approved, halving is coming in 2 months everything is good right?/ fundamental analysts starts raise targets. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to "get in on a pullback" will likely miss the boat. As wave 3 starts the news probably still bearish and most market players remain negative but by wave 3 midpoint, "the crowd" will often join the new bullish trend.
Wave 4
Wave 4 is typically clearly corrective. Prices may meander sideways for an extended period, and wave 4 typically retraces less than 38.2% of wave 3. Volume is well below than that of wave 3. This is good place to buy a pullback if you understand the potiental ahead for wave 5. Still, 4th waves are often frustrating because of their lack of progress in the larger trend.
Wave 5
Wave 5 is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Volume is often lower in wave 5 than in wave 3 nad many momentum indicators start to show divergences, prices reach new highs but the indicators do not reach new peak. At the end of major bull run, bears may very well ridiculed, recall how forecast for a top in the market during 2007 and 2020 were all rejected.
People gonna say "There is no way we are at already middle of cycle. "Halving bull run" is not started yet. ETFs approved big moneys are coming
1M
per BTC is possible" etc. Yup maybe youre right, bull run is just starting or maybe ure wrong. Yes, crypto market is crazy place, when it pumps it doesnt care about anything just prints big green candles and some alts make 100-1000x. Place with full of potiental and opportunity.
But, you gotta stay woke. Dont listen big medias, dont let fake influencers manipulate you. Set your targets and goals. Dont be too greedy. Have a realistic look. WAGMI
Love and Peace <3