As you know Wave (v) is the last wave of this downtrend. Here are some facts that you need to know before you can trade in this wave and after
1. Wave (v) got 5 subwaves inside which is i ii iii iv v 2. Wave (v) is usually 0.618 - 1 of Wave (i) 3. If Wave (iii) is extended or longer than 1.618 of wave (i) then there is a high chance that wave (v) is truncated
Now let's see a couple of reasons why wave (v) can get truncated. Please note this is just an example. This totally depends on wave (iii)
Wave (i) = 7026$ & the size of Wave (i) is 1558$ Wave (ii) = 7790$
Now let's imagine that Wave (iii) did 1.618 = 2520$+ which takes the price down to 5270$
If Wave (iv) do a retracement of 0.5 then the price will go up by 1260$ = 6530$ If Wave (v) only do 0.618 of Wave (i) which is 962$ then Wave (v) will only go down to 5568$
Note that this level is a bit higher than the wave (iii).
This usually happens in the trend reversals so there is a high chance of having a truncated wave (v) with bitcoin if wave (iii) is extended or longer than 1.618
I have see these multiple times with Alts. This is due to high demand in end of wave (iii) area. Even though wave (v) goes under wave (iii) i have seen cases where alts wave (v) not going down below wave (iii). i.e: xrp was down to 0.45 @ end of wave (iii) of btc. when btc goes up to wave (iv) xrp goes upto 0.55 and when btc wave (v) goes down below wave (iii) xrp might go down to 0.46 but not below 0.45
4. Exchanges will crash, freeze and fail to execute limit orders. We all know this has happened before and continue to happen in the future
5. After wave (v) is completed then the price shoots up starting a new cycle. This is because Whales / Cartel will have preplanned buy orders waiting to execute.
Here's a couple of examples of the market cycle changes
6. Then you can expect BTC to start a new Cycle as it always did after this two double three correction pattern.
7. Also expect BTC to go upto 10 times the lowest point according to the 5 year average of the Bitcoin cycles: snag.gy/xcbm6P.jpg This depends on how Cartel going to suppress the bitcoin prices.
Good luck
RISK DISCLOSURE:
Please note that this is purely for Educational purposes only and not as Individual Investment Advice. If you choose to follow the above techniques you do so at your own risk after giving thorough and reasonable thought and consideration to your actions and their potential consequences
Hola Surangadesilva ¿por qué no actualizas? ¿qué ha ocurrido???? ¿Hemos llegado a (v)?
blake243
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S about to get ugly..ier. I’m looking at several scenarios right now. A break down here or within the next few days could be a false move. This is when we dip violently but swing back up to close the month and quarter back in the triangle (above 6100). If this is to happen we have a chance for a new bull, but it can not happen in July my friend. My target is still the 27/28th. If our low does hit in July we will bounce the the bears win and we are in correction mode for another 3 cycles or 12-18 months. You can see the same scenario re the 2015 low.
blake243
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s got a notice that TV took down my comments and ur response due to some violations???? Huh??? What violations??? I saw nothing wrong. you?
surangadesilva
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@blake243, No my friend its not you. Some group was using my charts to manipulate the market so i have reported that to them and they now have removed the 2 ideas that affected. So you will see that its no longer available because they have removed from public so i even get that when i access that privately
blake243
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@surangadesilva, ok thanks. Very strange indeed. I was pleased to have stumbled upon your efforts, as I have also explored time from cycle highs, correlations to outside markets, including the rise of BTC since 2008/QE/ global debasement, etc. III am considering the possibility now that Btc, but more importantly, altcoins with value in their blockchain approach (rare) will rise more as we begin the second cyclical wave that began last Dec and then inverted. So indeed I see this bull continuing. Below monthly support will warn of a try bear that could last into 2020. Fingers crossed that is not the case.
Jeekis
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Hello guys, new chart is up.
You can check it out!
apelord
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doesn't get more textbook than this
surangadesilva
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@krishisdead, this was broken 7 times in the past because we are in a two double three correction