Investors have to take their profit after significant bounce up.
Although we may expect to have a small correction on BTC, in general, we started building the 5th wave on the Elliot Wave pattern.
Please take a look at the chart.
At the end of 2011 we had a start of the 1st wave.
It was valid for nearly 2 years.
The second wave was a correction wave.
It took around 13- 15 months turn the bear market into a bull market.
Consecutive wave was our favourite one.
We had this nearly 3-year bull run.
During this time the new fortunes have been made.
Many people fell in love with crypto and at the peak time at the end of 2017 crypto were present even in the mainstream media.
Unfortunately, after this, we had to struggle with the correction.
After 15 months we can assume it is finished.
We are currently building wave number 5.
It should last for another 2,5 or even 3 years.
At the beginning, it will be slow, sleepy and sluggish.
In the middle of this wave, the trend will evidently accelerate.
At the final part of the same wave we will see madness.
Very strong uptrend and many positive news in media about crypto.
If you suddenly start to hear about crypto from your hairdresser or seller in a bakery it means it is time to sell because the correction is coming soon. LOL :)
So the next 2,5 years should be positive.
Of course, there will be ups and downs.
This is normal but the general picture will be gaining positivity over the time.
Great call from April 11, 2019...still on the path
TheCryptAlpha
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What drugs are you on???
ClaudeGauthier
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Dear @WBM_Team I did review your 5 EW and not sure for the 5th wave level. When using Fib extension tool, if we base on wave 3, normaly wave 5 = 1.68 wave3 at the max...
Yours seems to be 10x wave 3 or more. What is your math to acheive wave5 level ? Just currious to learn more and/or challenge what I know from EW theory...
Also, wave 4 did retrace at .78 of wave 3which is extreme...Normaly, wave4 will retrace more like .38 of wave 3 or about ...
Thank's for your comment !!
WBM_Team
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@ClaudeGauthier, thank you for writing. Well, the 5th wave is only slightly longer than wave 3 (around 20%). We are not sure what you mean exactly.
In crypto, there are many anomalies such as this
Our intention was to show the X rate between the lowest and the highest point in the cycle.
Last time it was X100.
We think this time it can be X100 - X200.
Back to Reality,