I firmly believe we are in a Great-Accumulation era.
Technical Section:
BTC is completing the fifth wave of the third wave of a five-wave rally.
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)
Comentário:
Short term:
Comentário:
Dramatic reversal ahead
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Update