Pivx · Market cycles: Binary, Quaternary & MorePIVX is another project that is now recovering the entire down-move from February, closing two weeks green and completing the bottom process. As the bottom gets completed a bullish wave follows.
There is more, we have a fractal on this chart.
PIVXUSDT moves within an ABC correction followed by a bullish jump. Three such corrections followed by two advances. We are now right in front of the third one with the ABC ending two months ago. The next advance is already unfolding, bullish momentum at the edge of intensifying. Next week a great week for the Cryptocurrency market. Nothing ever stays the same.
It is true the market was bearish for a long time but this is as normal as it gets. The market moves down then up, down then up, and it also works in reverse. The market moves up then down, up then down and so on.
A prolonged period of bearish action doesn't mean that the bulls are forever gone. It doesn't mean that the market is now forever bearish. It only shows what is happening and we can always predict the next move based on the cyclical nature of the market.
Just remember, night and day; the seasons. It is unstoppable. First light, then dark. The moon, the sun. Bearish then bullish. Down then up. That's a binary system.
The seasons produce a quaternary cycle and some systems can follow this pattern. Then we find those cycles composed of eight parts and so on.
The market can have a portion that works within a binary structure, another part is ternary, quaternary and so on. The most basic one is the duality and with this one we know the altcoins market is set to grow. Because it has been going down and nothing forever stays the same. Change implies the opposite direction; a bearish wave is a positive development because it is always followed by a bullish market phase.
Namaste.
Long
