I was looking at BTC vs the circulating money supply on linear, and 2 things struck me. Firstly that the base trend line from the start of the 2017 run has been tagged (almost), and secondly, from an elliot wave perspective, everything since the 2017 high looks like the formation of a massive triangle consolidation pattern…. Traditionally a wave 4 pattern. Which would go with the idea that we have yet to have the supercycle wave 5 ….
I have only recently started to look at charts on the linear scale, and I like what I see.
I have only recently started to look at charts on the linear scale, and I like what I see.