Long

Updated

The Fifth Wave of The Third Wave

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

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Technical Section:

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

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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:

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Note

Dramatic reversal ahead

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Note

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Note

Update

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Note

;)

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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.

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.