I'm seeing that BTC has completed or just completed the orthodox low of the Supercycle Wave IV on 3/17, bouncing higher with volume. The bear market may be behind us from this day.
We hit almost a 78.6% retracement of Supercycle Wave III when BTC hit $5.8k on 2/5/2018.
If the current uptrend is indeed the start of Supercycle Wave V, I'm looking for it to hit the top of my parallel channel and possibly end at ~$24k before a big Supercycle A-B-C correction.
Need to continually update the chart as developments occur, which prove or disprove the current story, and makes the forecasts even more accurate.
-AL168
March 20, 2018
We hit almost a 78.6% retracement of Supercycle Wave III when BTC hit $5.8k on 2/5/2018.
If the current uptrend is indeed the start of Supercycle Wave V, I'm looking for it to hit the top of my parallel channel and possibly end at ~$24k before a big Supercycle A-B-C correction.
Need to continually update the chart as developments occur, which prove or disprove the current story, and makes the forecasts even more accurate.
-AL168
March 20, 2018
Note
Please note that the A-B-C correction is exaggerated, more like a reminder that I will sell if all signs confirm my $24k top. Will be refined as it starts developing.
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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.