Under EW theory, the ultimate Long Trend of something like the DJIA is always up because of the productivity of mankind, nature's laws, blah blah.
You hold that the ultimate Long Trend for Bitcoin is also up.
But with altcoins, can we conceive of a coin being worth more than 1 BTC and advancing on even further?
If we can't, then aren't all ALT-BTC charts ultimately in a Down Trend? If so, then what look like upward motive waves in a longterm trend to us are actually corrective waves in the largest degree of trend, right?
In ZEC for example, how does the 4-month plummet from 20 BTC to 0.0228 BTC figure into counting super cycle waves?
Should we be looking at ALT-BTC charts upside down?
I think it has to do with how BTC is the only truly decentralized coin so it will be the gold of cryptos!
What is the possible target price in this price correction?