Bitcoin Hyperwave Theory - Why Bitcoin may be going back down to $1000! 😱😱😱
What is Hyperwave?!!
Image Source Bitcoin Short Time!!
A Hyperwave is a Bubble.
Hyperwave theory by D. Tyler Jenks works to identify Bubble / hyperwave asset patterns in markets. Only certain particular assets that have all 7 distinct phases can officially be categorized as Hyperwaves.
Phase 1 (red) = a flat trapped market or prolonged price stagnation. Phase 2 (blue)is a steeper acceleration, phase 3(green) -5 (purple) even steeper and 6 (orange)is the downtrend and 7 is flat again which is also phase 1.
Classic Sugar Hyperwave!
Will this be the Future of Bitcoin?
Hyperwaves are bubbles, but not all bubbles are hyperwaves!
Bitcoin is a bubble, however it is still unknown whether or not it is a hyperwave?
More about the Bitcoin Hyperwave Theory below:
I just learned all about this hyperwave theory watching this video from IvanonTech (below).
The Bottom Line
If Bitcoin is a hyperwave then we're going down big time, we're going all the way back to $1000 (phase 7), and very soon!! Ifthis is the case then Bitcoin is currently sitting in one huge bull trap at the moment, so be careful trading out there, you may even want do some shorting this weekend! Bears seem to be back all of a sudden and this could be why, if we don't finally rally from halving soon, I'm afraid $1000 may be where we're headed for Bitcoin's price after all!!
Luckily Bitcoin is different from other assets that are hyperwaves because it has the halving event.
The good news is that if the price of Bitcoin can rally from pre halving hype up over $7700 and stay, then the BTC Hyperwave theory will be trumped for good. However if we make a new low, $1K will prove that bitcoin is a hyperwave once and for all.
Oh! No! I hope the magnetic wave will push the hyper waves out into space! Hope this is a sideway fluctuation for a week. Lots of money are waiting to come into bitcoin!
Long term nothing can beat bitcoin!
interesting article, thank you for sharing
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I hope that the price will grow soon,thank you very much for the interesting information
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