ValeriosB

Bitcoin Elliott Waves Long Term Cycle

Long
ValeriosB Updated   
BNC:BLX   Bitcoin Liquid Index
Gaussian channel and Moving Average Cross applied to macro Elliott Wave cycle.
Indication of previous market cycles moves on the upcoming long dominant trend.

Halving effect and long term seasonality.

2013 - 2017 ATH
2014 - 2018 Beginning of a downtrend
2015 - 2019 Bottom found and reversal
2016 - 2020 Halving event
2017 - 2021 Parabolic uptrend and a new ATH.

The probable targets for Bitcoin new ATH is in between 100,000 - 400,000, price range mostly depends on USD inflation rate.
Comment:
Each micro cycle takes 4 years to complete.

The first wave was 2010 - 2014
Second wave Downtrend
The third wave was 2014 - 2018
Fourth wave Downtrend
The fifth wave is 2018 - 2022

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