Bitcoin and Altcoin Phasic to Non-Phasic Cycles
I had written in a previous blog on how Bitcoin's cycle can and do enter into synchronous phase overlaps (phasic) with that of Altcoins and later become ascynchronous (https://steemit.com/bitcoin/@haejin/bitcoin-to-altcoin-cycle). Given the pretty powerful price action of Bitcoin, the phasic phase enjoyed of the past week by the Altcoins could now be entering into the non-phasic stage. Last week, Bitcoin was pretty subdued while the Altcoins took turns popping and surging like crypto popcorn.
Will Bitcoin once again become subdued to allow the Altcoins to take their price surge? I think there might be one more cycle of this left. More than one? Perhaps not, because as I've consistently eluded to the approaching Wave III top for Bitcoin. Once the Wave IV correction happens and Bitcoin catches a cold, the Altcoins will truly be in a phasic cycle by catching the flu. The possible exception could be Bitcoin Cash (BCH), but this needs to be confirmed and see how it behaves during a significant BTC correction.
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BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
whats your opinion about wave IV correction whats the bottom line you draw there for wave IV
We may temporarily return to $2,000 to $2,600. Wave IV often retrace to prior wave 4.
thank you for your response have a nice day