Are we coming to the 5th wave?

[GreatArkansas]

We're really about to meet bear market soon and that's for sure. But one thing that I've learned with bitcoin's market.

Whether you're accurate with most of the predictions and analysis, sometimes you'll go wrong with it. I've seen good analyses like this before but it's always that bitcoin creates a surprise and make them all wrong.

Actually i was at this similiar market situation for multiple times but i still don't know when the bear is coming and hard to sell my holding tokens and coins because of fear of the market still bulish and loss profits.
This is an urgent situation for people who already long time in crypto because they always afraid when this bull is over and when is the right time to leave.

You're not the only one that doesn't know when the bear market will come. Many of us do.

Even there are good in those analyses, they don't have an exact time when because that's the fact that no one will know. And about leaving, is there really a need to leave?

IMHO, no need.

Pure speculation. There are always chances that we will be on the bear market very soon, there is already a lot of technical analysis that becomes invalidated, even on the bull market recently. So, this kind of analysis should have some invalidation area which the analysis will become invalid once some area is not met according to the chart.

Overall, that 5th wave to me is still in play, we can see some dumps especially the month of October is ending, some corrections are possible.
 

[sheenshane]

Pure speculation. There are always chances that we will be on the bear market very soon, there is already a lot of technical analysis that becomes invalidated, even on the bull market recently. So, this kind of analysis should have some invalidation area which the analysis will become invalid once some area is not met according to the chart.

Overall, that 5th wave to me is still in play, we can see some dumps especially the month of October is ending, some corrections are possible.
 

I tend to agree and it has to make sense, yes it could be pure speculation and we know that there's no accurate prediction that has been predicted the right price of Bitcoin in actuality.  But I have doubt that this bull run will continue since there's a lot of good news around and sometimes fundamental analysis has an effect rather than on the technical analysis.

IMO, I'm not familiar with this Eliot Wave (EV) prediction and I don't know how accurate they are upon giving a forecast of the market price with their unknown source of theory.  Bitcoin will always depend on mass adoption, and since we have a lot of big players around, Bitcoin will experience a massive up and down and there's no theory that can predict that.

[Hippocrypto]

Alessio Rastani is one of the Elliot Wave (EV) Acholits and on his last video, the guy is saying that from the perspective of EV theory the big picture says we are coming to a 5th wave. I don't have any opinion on this, but from what the guy says the 5th wave is the point where the bear market is longer and deeper than the other Waves. According to him, this means bad news for bitcoin. I'm no expert in EV theory but the truth is that there are a lot of guys making accurate predictions using EV. What do you guys think about what this guy says?

I tend to agree and it has to make sense. Yes, it could be pure speculation. There are always chances that we will be on a bear market very soon. Apparently, this moment is not far off. Although now, there is no certainty about anything, the situation can change quite often. We are really about to meet bear market soon and that's for sure. However, one thing that I've learned with bitcoins market, even how accurate your predictions and analysis are but, sometimes you'll go wrong with it.

[michellee]

I do not know if we are coming to a 5th wave or moving to the next bull run, but as far as I know, bitcoin has a good chance to lift the price to the next ATH. That can happen too with the altcoin to have the next altcoin season to expect to have more profit from crypto. If that guy tells like that, maybe we can prepare our coins and set the target price to sell because the price can increase anytime without knowing. But all in all, that prediction is still speculation which we do not know if that can really happen in a short time or need more time to increase.

[MIner1448]

Alessio Rastani is one of the Elliot Wave (EV) Acholits and on his last video, the guy is saying that from the perspective of EV theory the big picture says we are coming to a 5th wave. I don't have any opinion on this, but from what the guy says the 5th wave is the point where the bear market is longer and deeper than the other Waves. According to him, this means bad news for bitcoin. I'm no expert in EV theory but the truth is that there are a lot of guys making accurate predictions using EV. What do you guys think about what this guy says?

I may not be an expert on these lubin predictions, but what do EVs have to do with Bitcoin prices? Moreover, how they can affect the depth of the bear market ... I think this is, as always, a normal throw-in, for your own hype, perhaps, of course, if everyone buys electric cars for bitcoins, but this process, on the contrary, will affect the growth of its price.

[Botnake]

Alessio Rastani is one of the Elliot Wave (EV) Acholits and on his last video, the guy is saying that from the perspective of EV theory the big picture says we are coming to a 5th wave. I don't have any opinion on this, but from what the guy says the 5th wave is the point where the bear market is longer and deeper than the other Waves. According to him, this means bad news for bitcoin. I'm no expert in EV theory but the truth is that there are a lot of guys making accurate predictions using EV. What do you guys think about what this guy says?

I may not be an expert on these lubin predictions, but what do EVs have to do with Bitcoin prices? Moreover, how they can affect the depth of the bear market ... I think this is, as always, a normal throw-in, for your own hype, perhaps, of course, if everyone buys electric cars for bitcoins, but this process, on the contrary, will affect the growth of its price.

Honestly, i'm not familiar with this Elliot Wave theory. But the fact that this remains a theory, so its explanations are just based on pure assumptions. Some may become true, some may even go too far from being possible. So i really don't easily believe on this because bitcoin price movements are basically based from its own demand and from its own time of cycle. As we all know, it only has bearish and bullish season, and when bullish trend is over, its always expected that a bearish trend will take over. And there are times that its price movement is also based from the news that affects the market, whether its positive or negative one.

[livingfree]

We're really about to meet bear market soon and that's for sure. But one thing that I've learned with bitcoin's market.

Whether you're accurate with most of the predictions and analysis, sometimes you'll go wrong with it. I've seen good analyses like this before but it's always that bitcoin creates a surprise and make them all wrong.

Actually i was at this similiar market situation for multiple times but i still don't know when the bear is coming and hard to sell my holding tokens and coins because of fear of the market still bulish and loss profits.
This is an urgent situation for people who already long time in crypto because they always afraid when this bull is over and when is the right time to leave.

You're not the only one that doesn't know when the bear market will come. Many of us do.

Even there are good in those analyses, they don't have an exact time when because that's the fact that no one will know. And about leaving, is there really a need to leave?

IMHO, no need.

Pure speculation. There are always chances that we will be on the bear market very soon, there is already a lot of technical analysis that becomes invalidated, even on the bull market recently. So, this kind of analysis should have some invalidation area which the analysis will become invalid once some area is not met according to the chart.

Overall, that 5th wave to me is still in play, we can see some dumps especially the month of October is ending, some corrections are possible.
 

It's just so happen that nothing can really be accurate with the market.

Today, we see it negatively but tomorrow it can be surprising that it will get a plus again quickly. We really don't know how it's going to go even with those analyses.

But it's one thing for sure that the time of bear will surely come or, it did already?

[Hippocrypto]

Alessio Rastani is one of the Elliot Wave (EV) Acholits and on his last video, the guy is saying that from the perspective of EV theory the big picture says we are coming to a 5th wave. I don't have any opinion on this, but from what the guy says the 5th wave is the point where the bear market is longer and deeper than the other Waves. According to him, this means bad news for bitcoin. I'm no expert in EV theory but the truth is that there are a lot of guys making accurate predictions using EV. What do you guys think about what this guy says?

I am not that sure about 5th wave but, as far as I know bitcoin has this good chance to lift the price to the next ATH. But, apparently this moment is not far off. Although now, there is no certainty about anything, the situation can change quite often and it's hard to predict what is going to happen.

[Zilon]

Alessio Rastani is one of the Elliot Wave (EV) Acholits and on his last video, the guy is saying that from the perspective of EV theory the big picture says we are coming to a 5th wave. I don't have any opinion on this, but from what the guy says the 5th wave is the point where the bear market is longer and deeper than the other Waves. According to him, this means bad news for bitcoin. I'm no expert in EV theory but the truth is that there are a lot of guys making accurate predictions using EV. What do you guys think about what this guy says?

I would buy in to what Alessio Rastani analyzed using EV because Bitcoin price has been revolving around the $61-$64k resistance zone for too long. I am not a good analyst on EV but from the little I can see from his analysis on the 5th wave we see the correction move longer. We would still see a new ATH although but might not be as high as many speculation presents it.

[2double0]

Bitcoin looks strong and ready to break the ath once again, how can bears take control? I thought it that way until I watched one video explaining why we could have one big dip before btc can continue its final leg to make a new ath. I can take Alessio Rastani's words as a big warning sign for me not to fall in greed and stop thinking that market can even fall back and once it falls, my greed will make me lose my biggest wins during the bull run. This is not the end but a correction will be there for sure because markets have been very merciful for traders last 1 and half months, there will be time markets will take back everything.

[V-t.Ester]

I’ve read a bit about Elliot waves. On mere, there are specific rules that helps to understand wave patterns and basing on them trader can predict and capitalize the market. However this wave models, in fact, do not provide any certainty about future price movement because traders can give different interpretations of a market's Elliott Wave structure. Though they helps to find out possible future of the market to have exact results it's better to use Elliott Waves together with other forms of technical analysis and to take to account psychological boost of investors also ( positive/negative news in mass media have strong impact on movement). Then possibly the market will be estimated correctly. In other case, just looking on the graph it’s very hard to say on what wave we are.

[Flexystar]

Hell ya! It’s time to bag it then once this fifth wave shows its magic of crashing. I think it as most positive thing actually since in market if the prices are going only upwards (continuously) then it would be harmful for it as it will tip the balance of market. I know this raises the demand and reduces the supply however you wouldn’t want the supply to go to few hands. It must be circulating so it has it be bought and sold over the time.

I think of this 5th wave as turning point or refreshing of the market values. It’s good, it gives us opportunities to make trades and replenish the supply in our pockets.

[palle11]

I think of this 5th wave as turning point or refreshing of the market values. It’s good, it gives us opportunities to make trades and replenish the supply in our pockets.

Never feel safe with Elliott when it continues going upwards . It is dangerous to follow that pattern without your stop loss because the tides can break even and price crash is the next you see. I don't follow Elliott waves , it can trick you and the double tops forming in between waves misleading. I try to stay away from it or not to depend on it.

[zaesvlas]

This is generally very difficult to predict. Of course there is a chance, but there are still quite a few questions.

[NoorulHuda]

Now I think that no one can predict correctly because no one has ability to catch market or others. Mostly prediction go wrong. So always listen to your mind never go on the other minds.