I have never studied wave theory, but since my trading system is very similar to wave theory, I will tentatively define it as level waves.

The traditional wave theory lacks strict quantification and can lead to a thousand interpretations of waves. For example, the first screenshot below shows two common incorrect methods of drawing in the current BTC mainstream, especially the method represented by the yellow line, which believes that the fifth wave peak is very, very foolish.

Look at the second screenshot below: it is the fifth wave drawn by my level waves. My trading system is based on levels, and it is drawn with strict quantitative standards. Therefore, the weekly fifth wave points directly to the area around $180,000 to $200,000. However, the weekly fifth wave can be divided into five sub-waves, so around $145,000, there might be a pullback to retest the current low point around $70,000 to $74,000. Everyone should pay attention to this halving, so the one who can ultimately reach around $200,000 in this bull market is definitely the one destined for it! Even if you don't do well, reaching around $140,000 is still quite good. 😷