I have measured the previous pattern cycle and it looks like after the 8 days Bitcoin has begun the next pattern cycle. It took exactly 8 days before the next growth cycle begun!

Of course there is no guarantee this will repeat, but very often the pattern cycles repeat with small discrepancies. The pattern behavior follows somehow the red or black philosophy until the trend changes. How long each trend will last is being determined by the next pattern and the possible most likely scenario outcome. It is also being governed by the news and other market conditions. 

If a lot of people follows the chart and makes a move based on the most likely scenario then the scale tips over and the trend gets broken. 

The psychological aspect plays a big part, because people become cautious so the pattern stabilizes and creates an illusion of predictability until people place the bet again.

That is why if you ever wondered why you can predict the outcome only if you don't put your money there and things rapidly change once you start betting on it. 

Is there a theory saying that large moves are based on the waves as if people subconsciously get drawn into making certain decisions and actions? I have not found one but there certainly could be one based on market cycles and the irrationality behind the moves. 

People feel certain things and make their decisions and actions based on that. But feelings can be deceptive until you recognize the deception underneath!

All The Best,

Aventurine!