#BTC
Please take a look at the first article of this account, where I made predictions about two trends a long time ago: either a drop followed by a rise or a rise followed by a drop and then a rebound. In July, I predicted in advance that if there wasn't a very obvious initial pullback trend, then the major trend would be a drop followed by a rise. The moment it breaks the previous high, a new cycle of the 5-wave structure starts here.
There are images and time validations. The prediction at the end of July was around 48450, but it reached a high of 48900, just a few hundred points off. The conservative high point was seen at 82000 at that time, and now it seems to be approaching that.
However, the subsequent occurrence of a MACD golden cross turning upwards on the weekly level after a year is a very clear signal of a trend. 82000 is not the top of this bull market.
All of this can be predicted in advance using wave theory to estimate the general trend and approximate high and low points. Each structure can manifest a new wave theory structure. The MACD currently shows strong momentum at the weekly level, and trading volume momentum continues to rise at the weekly level. A pullback is just an opportunity for you to get on board; do not fantasize that this year will drop below 49000.
Saying that technical analysis is useless and only looking at news will likely lead to being buried by this market $BTC
