BTC- The MacD 3 wave theory

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(2 week chart) After the top, there are 3 distinct red waves in the macd on the 2 week chart, guiding us towards the bottom. In each macd wave we get three bottoms on the stochastic rsi. In each bottom on stoch rsi we choose the lowest number on the fast line (blue line), which is where the white vertical lines are. When we read the rsi of where the white vertical lines are located, we get these results:

Cycle 1- (50,8)-(43,77)-(34,24)
Cycle 2- (49,7)-(46,92)-(36,54)
Cycle 3- (49,36)- (46,01)-(34,18)

The narrative of these waves seems to be as follows:
Wave 1- Price breaks down on 20 ma(red), then up, then down again.
Wave 2- Price is wedged between 20 ma (red) and 50 ma (yellow).
Wave 3- Price breaks the 50. When stoch rsi fast line (blue line) hits 0,00 and the rsi gets under 40,53 (reference point from 2011 low) the bottom is in.
This happened in the previous two cycles. (Remains to be seen if this cycle is the same) When the 20 crosses down on the 50 ma, price gets punched down. At the same time as the cross occurs, the orange line on the macd escapes the red bars. After the crossing we try to break through the 40,53 rsi. In the previous cycles we made it in the third wave on the macd, which is scheduled to make it to the green bars late november if it keeps climbing those stairs. After the third wave, the stochastic rsi rallied all the way to the top in both 2015 and 2019.


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The srsi went to the top as we have done in previous cycles. It went to 88,96. Above the 80 line I would consider the top. Furthermore, in the two previous cycles, after the srsi has reached the top, the rsi goes down to have support at 40,53. We did in the double bottom in 2015, and we did so in the covid crash in 2020. It remains to be seen if we do the same in this cycle. We went to 47,71, and at the time of writing, we are currently at 43,15 on the rsi. So the question is, will history repeat itself and bounce on 40,53?
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2weekBTCChart Patterns

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