Funny you should ask.
People should keep in mind that this is just a indicator. It isn't some kind of law which always applies. You should trade on news and data instead of this stuff.I disagree, you should trade on this stuff, then adapt your strategy according to incoming news.
+ 100%
This is a psychological explanation of the development of prices in the waves and alternating bulls and bears period.
This allows us buy low (in hope) and sell high at the end of euphoria.
By the way, if the bear and bull wave were symmetric (but not necessarily) we could find the bottom somewhere between $ 30 - 55 (this is the optimistic variant, and a lot of great speculation)
