Mr_wasgehtsiedasan

Bitcoin around 1240 USD?

Short
BNC:BLX   Bitcoin Liquid Index
After I have worked for a long time on the long term analysis and became increasingly dissatisfied with the count, I have made this once completely new.

Whether this will occur so one can not say yet, it is only a possibility.

If you look at wave 1 as follows, it is noticeable that the sub-waves are very similar to the superordinate and possibly show us how it could go on with BTC in the future.
If this is true, we would indeed be in the final wave (as previously thought) but under different conditions.
It is NOT a running flat and we are NOT in a correction since 2018 but in wave 5. In short the decisive corrective would still follow.
As a possible end to the correction, the POC could come into play, which shows us the period where most trading volume took place and usually provides a fair support price that is frequently revisited.

In the chart, the POC from the entire history is at around 1240 USD (the yellow horizontal line drawn in).


This would likely provide for an extinction 90-98% of altcoins, with all the coins without a working and or needed project being flushed out of the market.

What do you think of this? is 1240 usd realistic? :)

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