Crypto Prediction, 2021–01–16 Saturday

Bitcoin:

Let’s take a look at the W1 chart,

The UP trend started in 2018–12–10 and consists of THREE waves so far.

Currently, Wave 3 is forming and is likely to end soon because Wave 3 is composed of the sub-waves with a 1.618 ratio (see violet dashed lines in D1).

The next one or two weeks, early May, and mid-August are likely timings for Wave 3 to end. Then, Wave 4 (a downward correctional wave) will begin.

At this point, it is impossible to tell when and how Wave 4 will start and end until the sub-waves of Wave 4 have formed.

Conclusion:

• Don’t buy Bitcoin for now and observe January.
• If the market seems to go UP by the end of January, Wave 3 is still forming. Thus, it is safe to buy until May.
• I will hold off BUYing until Wave 4 has ended. Then, I will catch Wave 5.