Regarding the recent coupe weeks increase in price: It is very likely that we have just started the wave 3 of the big wave 5.
Looking at the charts:
There are two suspicious cycles here
WAVE 1 ENDED 01 DEC '13 WAVE 3 ENDED 01 DEC '17 WAVE 5 TO END 01 DEC' 21?
As you can see there's a 4 year cycle between the impulsive moves
Another cycle is the corrective moves:
WAVE 2 ENDED 01 JAN '15 WAVE 4 ENDED 01 JAN '18
There's this 3 year cycle between the corrective moves.
The price target for the big wave 5 is anywhere in that 250k area
These kind of charts are what the pros don't want you to see so that the weak hands panic every single time there's a couple thousands drop in price so the pros can collect their precious assets.
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