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theansweris42
Mar 8, 2020 6:31 PM

Lifecycle Macro (W5.3) Long

Bitcoin Liquid IndexBrave New Coin

Description

This is my preferred wave-count for the entire BTC lifecycle so far. This analysis posits that BTC is in super-cycle wave 5, cycle wave 3. The 2013 W3 peak was followed by a break from the acceleration channel for wave 4 with support found at the 2010 base-channel shadow. The 2017 rally was a W1 internally-structured as a massively extending 5th wave (hence the parabolic appearance). This structure is consistent with the band-wagon on-boarding in 2017. W5.1 completed with an under-side strike of the acceleration channel in DEC 17. The Orange and Blue lines are the 100 and 200 week moving averages for reference.
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