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A Semi-Log Coin of Life II

Short
BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
The life and times of BLX ( BTCUSD ) in semi-log scale with major Kennedy channels, inferred Elliott wave structure, key inflection points and key retracement levels.

Kennedy base channels shown in *Blue*. Deceleration channels shown in *Red*

BLX is in high probability of wave 1 of 1 of 3 based upon retracement depths acheieved so far in 2011, 2015 and 2018.