Post
Topic
Board Speculation
Re: Analysis
by
exstasie
on 03/07/2019, 23:39:37 UTC
At this rate we'll hit 30k in a month, and at that level, I highly doubt the parabola will end well.

It would be the 5th wave on long term charts and 5th wave is generally shorter.

I wouldn't overgeneralize there. Wave 5s can be extremely strong and this has been seen many times in Bitcoin's internals. Since Historical Wave 1 was shorter than Wave 3, it's possible Wave 5 will be the strongest wave yet. I would not discount this possibility!

Historical Wave 5 could be the vertical leg of an S-curve.

Dreams of 50-100k+ may be cut short if we don't got some proper consolidation/correction.

That's true. We need this wave to subdivide in order to see significant extensions. Straight up in one vertical push would suggest a shorter Wave 5. And after that probably comes a bearish super cycle.