Hello there,
First time publishing here :) Wanted to add my contribution to the lovely TW community. This is my long term view on BTC USD.
By analysing the Elliott Waves cycles and using FIB retracement, we can imagine a huge fifth wave ending in the 2000-2500$ zone. A lot of people have been asking about what is going to be the bottom for BTC. So far, ve seen a huge correction of 83% and BTC have been in a bear market for more than 58 weeks now. For your information, here are the previous bear markets :
2011 -> 18 weeks,
2014 : 57 weeks
Current : 58 weeks and still in continuation
Ending our impulse wave in the 2000-2500$ zone, the market will be in its "Despair" cycle. The accumulation cycle should start quickly with a quick and strong zig zag correction (ABC), leading to a new bullish EW.
First time publishing here :) Wanted to add my contribution to the lovely TW community. This is my long term view on BTC USD.
By analysing the Elliott Waves cycles and using FIB retracement, we can imagine a huge fifth wave ending in the 2000-2500$ zone. A lot of people have been asking about what is going to be the bottom for BTC. So far, ve seen a huge correction of 83% and BTC have been in a bear market for more than 58 weeks now. For your information, here are the previous bear markets :
2011 -> 18 weeks,
2014 : 57 weeks
Current : 58 weeks and still in continuation
Ending our impulse wave in the 2000-2500$ zone, the market will be in its "Despair" cycle. The accumulation cycle should start quickly with a quick and strong zig zag correction (ABC), leading to a new bullish EW.