Just a Theory (Getting Ready for Huge 3 to 6 month long Bull Run

Elliot Wave Theory says that when the market goes into a correction it often will reach the bottom of the previous 4th wave. This does not necessarily mean that it will reach the bottom, but rather that we should expect it to reach somwhere in the span of the 4th wave. I believe we are there and soon will see a long term bullish market.

This is really long term, but If my calculations are correct we can expect the next ATH to be somewhere between $2100 and $2500 and will form the next Major wave 1. Only time will tell.

Below are the rules I follow for investing long term in strong cryptos. I would not use this for cryptos I was unsure about the future of. I didn't create these rules, but heard someone say them on a video I watched on youtube. I wish I could remember who the Author was I would give them credit because they are very good rules if you invest long term.

Rule #1) = Check: Price is %50 or more below All Time High. (ATH = 1419 - Current Price around $300) ((300/1419)-1) * 100 = %78.8 Discount Price
Rule #2) = Check: RSI is below 40 - Daily RSI is at 28 as of this chart
Rule #3) = Check: If price is = or below 50 day average (weak buy signal), = or below 100 day average (strong buy signal), = or below 200 day average (Very Strong Buy Signal) - Daily price is currently way below the 200 day moving average

We may go lower but if you are holding long term (at least 6 months to a year) we could see some major profits.