I think this wave thing is a lot of baloney, if it were so most people would make a killing following this idea. And to show you that crypto doesn't really move in a logical manner, just a few minutes ago I read that people have been powering down and selling Steem at a very high rate these last few days, I don't think that would help the price at all, so I think in the crypto world prices are moved by the big players, money will go where they want it to go which just makes logical thinking redundant because prices are at the mercy of the whim of a few people.
Just enjoy the fact that it is moving up, and hope it stays that way.