Bullbrain

WYCKOFF DISTRIBUTION AND ELLIOT IRREGULAR FLAT CORRECTION 3-3-5

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Sometimes you have to look to the chart with an open mind, and than you see things, nobody likes to see.
Including yourselve.

My main motivation for this chart is:

1. Bitcoin blockchain transactions are in decline (see blockchain info)
2. Bitcoin blockchain adresses in use are still below the 2017/2018 peak.
3. Bitcoin USD sent in blockchain still below the 2017/2018 peak.
4. At the start of all previous bull runs, all 3 above points where above the last peak.
Comment:
Comment:




Comment: My idea from 2019 wat standard ABC but know I believe 3-3-5 irregular flat correction to the same point

Comments

Oh my, that's a really interesting perspective. Just imagine this playing out while all the moonboys expect 500k per BTC. Thanks!
+2 Reply
I would bet on this than new all time high 🙌🏾
+1 Reply
DJC73 mohmoa91
@mohmoa91, Comment aged badly
+1 Reply
The date of spring for the death of Bitcoin coincides with my analysis:

Reply
"Desperate Times Call for Desperate Measures". we are in chaotic and desperate times..
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@susta, what i think that's really important, comparing to earlier bull runs, is that alt's ain't moving, despite BTC is above ATH. Previous time, coins like XRP where already also above ATH, now it's pump and dump, not convincing, but red flags...
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Bullbrain Bullbrain
@Bullbrain, that and the fact that the USD send over the BTC network + active adresses etc. is still below the 2018 top is why i think we will get a massive shake down/spring around 1K
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susta Bullbrain
@Bullbrain, you may have a point. My view comes from world politics. When a nationalist president is at oval office, the crypto (especially alts and tether) are in danger but when the president is globalist, everything changes in favor of crypto if it is a bull run. So, i think it is the reason this bull run is only concentrated on btc for now. if somehow Trump stays, maybe there will be a collateral damage on crypto then what you say about massive drop is possible. it is just my guess though..
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hahahahahahaha
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