theansweris42

Grand Supercycle W2. Target: $2250/88.6%

Short
BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
This analysis posits a completed grand super-cycle wave 1 with a GS wave 2 in progress. The two thick Red lines highlight likely resistance to price with an apex sometime in early 2021. Based upon this analysis an 88.6% retracement is a reasonable assumption which would take price down to ~$2250.