In a Crypto bull market, there are 5 stages according to me:
1. First Impulse: Marks the shift to a bullish market structure with a higher high.
2. Correction: Follows with a higher low.
3. Wave 3 Impulse: A significant upward movement.
4. Topping (Distribution): Signals a potential peak.
5. Markdown: Marks the beginning of a bear market.
Currently, we're in stage 1, experiencing the initial upward momentum.
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