In progress:
Supercycle Degree, Wave (III)
Cycle Degree, Wave V
Primary Grade Wave ((5))
This is the General Map for the Primary Grade.
The objectives in weeks, between days and intradays will be refined with the lower grades.
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0 sats \ 1 reply \ @Satosora 15 May
I was talking about btc with my uncle.
He told me to tell him when it goes down to 40k.
I told him I dont think that is even likely anymore.
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10 sats \ 0 replies \ @jacksonpo7 OP 15 May
Your comment made me think about that possibility. The markets are governed by the Impulsive/Corrective Wave Retracement Phenomenon (ICWR Phenomenon) and we can use to analyze it the Wave 4 as a support zone and the halvings as “guides” but, we must be clear is that these are NOT Rules.
The Halving Guide: Until now the minimum of the Halving month or the following one has acted as support for the next 4 years, so we are in the month in which the minimum must be created.
On the other hand, we have Wave 4 as a Support Zone that corresponds to the maximum and minimum of wave 4 of the previous degree. At this moment we are going through the last stage of the Supercycle Grade, Wave (III), the previous grade was Wave IV whose maximum and minimum was: $19,666 and $3122, as a second reference the Wave ((4)) of the Primary Grade with maximums and minimums of $69,000 and 17,170.
The maximum of these two degrees can be used to calculate the objectives, assuming a correction of 80%.
Using the Rule of 3 to find a possible target.
Benefit
TP1: If 19,666 is 0.20, what is 1? (19,666 x 1)/0.20 = $98,330
TP2: (TP1 + TP2) / 2 = 221,665
TP3: If 69,000 is 0.20, what is 1? = $345,000
Risk
SL1 = 69,000
SL2 = TP2 x (1-0.8) = 44.333
SL3 = 19,666
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