@almiftahdz, yeah because thats how bubbles ends. most of altcoins are doing 5 wave of elliot wave. after that im expect at least 1 year bear for alts. im expecting alt bubble to burst before summer when eth surpasses btc's market cap. then im expecting all money flow into btc and road to 50-100k and the end.
@ripple10usd, Wave 5 of what degree though? Based on the charts I am seeing for popular alts like Bitshares, OMG, etc we are still in early stages for the bigger degrees of trend. IMO looking at weekly charts is helpful to see more of big picture, and on weekly a lot of alts are just getting started on wave 3 (or ending correction for wave 2).
@ripple10usd, wave 1 and 2 look right but wave 3 is ongoing in this case. wave 4 you listed is not a "true" wave 4 on weekly time frame because elliott wave states wave 4 cannot retrace into wave 1 territory. to me it looks like we are on wave 3 for weekly scale with BTS, and doing a minor correction within that.