Its good to have a heads up on that. Next time there is a spike up in price like we had from $6700 to $7800, I will be taking some profits in fiat to mitigate the loss and buy back in when its super bearish again. And what do you mean by the 5th wave exactly? Its related to TA?
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Yes. Elliott Wave TA. Every wave cycle moves in 5 waves, then 3 waves in the opposite direction (called correction). If the the 5th wave is much longer than wave 1 and 3, a big correction is basically guarantued.