✴️ Polkadot Same Pattern & Elliot Wave Theory For Entertainment

2023年3月31日

This is getting repetitive but let's do it, it will be worth it once we get the results.

Now, the 5-Steps Pattern is not the Elliot Wave 5-Wave Up bullish impulse. I made the 5-Steps Pattern on the go to explain the current market situation.

The EW impulse is the classic 1-2-3-4-5 wave pattern while the current market action can be explained in any way.

The low in December, the start of a bullish wave in January, the correction ending mid-March which matches Elliots Wave 2 and the resumption of the bullish move, which coincides with Wave 3 of an 5-Up Wave pattern.

(Count 1)

This is what we are looking at on the Polkadot (DOTUSDT) chart.

What you see depicted is a potential wave count.

It can vary, look at Wave 4 on the following chart: (Count 2)

See the huge difference?

That's why people will hide the waves as shown on the main chart.

Wave 2 is a simple correction and so Wave 4 should be complex and thus we would have to go with "Count 2", this is based on the law of alternation (we are talking full Elliot now).

Going with this scenario we would have to break our view of a top in April and experience additional growth through May and maybe even June. This is a possibility we are fully open now as the closure of banks and the attacks on Bitcoin/Cryptocurrency will only make this bullish wave stronger.

If people can't sell easily they will simply hold long-term.

Bitcoin's next All-Time High is now set for a minimum of $250,000+.

We were aiming for $185,000+ inflation, data not yet published, but as things develop it is likely that by next year the potential will be 500K or even more.

The world is about to change forever and ounce the Fed CBDC is launched they will be doing helicopter money special edition, Covid handouts will be a joke compared to what is coming.

DOTUSDT is trading above MA200 and looks ready to grow.
Unless we get a sudden crash tomorrow we are set to experience higher highs and higher lows... For years to come.

Namaste.