Butterfly effect has occurred. The higher trend has not occurred as a result of FED intervention. Thus, the weekly and monthly charts indicate that we are still in wave 4 of the correction that began in April 2021 and will continue the final correction wave, wave C, until the end of December 2021.
Wave 1 started at rate: 3122.28 and ended at 13880.
Wave 2 started at 13880 and ended at 3850.
Wave 3 started at 3850 and ended at 58354
Wave 4 (A) started from 58354 and finished at 28600
Wave 4 (B) started from 28600 and ended at 67803
Wave (C) started from 67803 and will be ended ~ 30500
Wave 5 will be started ~ 30500 and will be ended ~430000
If the decline continues at a lower slope beyond December 2021, the decline will take longer than indicated in the figure.
My previous prediction for BTC was incorrect, and I have revised the post with the new analysis.
Wave 1 started at rate: 3122.28 and ended at 13880.
Wave 2 started at 13880 and ended at 3850.
Wave 3 started at 3850 and ended at 58354
Wave 4 (A) started from 58354 and finished at 28600
Wave 4 (B) started from 28600 and ended at 67803
Wave (C) started from 67803 and will be ended ~ 30500
Wave 5 will be started ~ 30500 and will be ended ~430000
If the decline continues at a lower slope beyond December 2021, the decline will take longer than indicated in the figure.
My previous prediction for BTC was incorrect, and I have revised the post with the new analysis.
