The last decline in the bear market is here

During almost the whole part of 2018 we have seen a steady decline in the cryptocurrency market. As I write the market has gone under 300 billion with a low point of 279 billion in early february. It is my belief that we will go beneath that very soon and even further. The reason for this is the Elliot Wave Theory. The theory constitutes that both a bull and a bear market consists of 5 waves before it turns down or up again depending on the earlier direction. It is now my belief that we have begun the fifth and final wave of the bear market. Because if you look at the charts of the total market cap on Coinmarketcap you could actually see waves in the recent market and make that assumption. That is of course if you beleive in technical analysis.

Usually the last wave is the stongest and where you would see the most rapid increase (like in december) or in this case decline in the market! With that said I do not think we are out of this bear market yet but we will be very soon beacuse of how fast the crypto market works.

So what do you guys think? Do you think the bear market will end soon? Do you beleive in technical analysis and the Elliot wave theory?

Post a comment below and share please:)

Here is a link if you want to read more about Elliot's Wave Theory:
https://www.investopedia.com/articles/technical/111401.asp