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brettfb
Dec 11, 2021 8:49 PM

BTC 10-year rough estimate EW & Fib Long

Bitcoin / United States DollarCoinbase

Description

Anything's possible when you're working with a finite asset in a world where:
  • Inflation is constantly rising and multiple fiat currencies continue to fail.
  • New sources for rare earth elements and precious metals are constantly being discovered.
  • The overall output of society continues to rise.

This is a (very) rough estimate based on Elliot Wave Principle and Fibonacci (price & time) retracements/extensions.

Trade active

Nearly confirmed breakout from the symmetric triangle (zoom way in)

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EWC reached. EW3 most likely incoming

Comment

Still active... Still working.

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Hi POLITICS. press the play button at the top. I posted this on 12/11/2021. That's 2 years, 2 months, and 18 days ago.

Comment

I may heve messed up 4. We won't know unless the previous ATH is broken. It's getting close, but not quite there yet. Something like this makes sense:

Comments
w0lf361
cash is trash and banks are dead
the downfall of currencies already started
brettfb
Yep. Check out the USD purchasing power over the past century. It’s down 97% lol. USD is a shitcoin
brettfb
@w0lf361 Agreed. The most typical use case for fiat is funding wars.
brettfb
Still open. Making small trades so as to blend in with the fish
brettfb
brettfb
* There are multiple hidden layers if you make a copy and open the DOM panel (bottom right sidebar).
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