The Supercycle Wave from 2019
As you know, one strong indication of the potential growth of Bitcoin is to look at its cycles.
As you well know as a trader, the Elliott wave theory explains the great cycles, and reveals "how" and "why" they unfold as they do.
As shown on this chart, there is something wrong with this Supercycle.
a- wave 4 never enters the price territory of wave 1 (Black).
b- Wave 2 may be any corrective pattern except a Triangle.
What to expect next?
Volume at the terminal point of a Bear market tends to run at an all-time high.
As you well know as a trader, the Elliott wave theory explains the great cycles, and reveals "how" and "why" they unfold as they do.
As shown on this chart, there is something wrong with this Supercycle.
a- wave 4 never enters the price territory of wave 1 (Black).
b- Wave 2 may be any corrective pattern except a Triangle.
What to expect next?
Volume at the terminal point of a Bear market tends to run at an all-time high.
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