There's still a lot of uncertainty in the BTC chart. This is not a prediction, and certainly not in terms of the timeframe, though I think the local top for BTC could come in quickly — as fast as within four weeks or so.
This is simply a structure to look out for, if BTC resumes its ascent.
Space in the next 4-5 days for bull flags to be printed. Start of a seven-wave structure, with seven waves within Wave 1, and seven waves within Wave 7. Within the seventh wave of that seventh sub-wave there should also be seven waves.
Blow-off top at 80-83k.
Alts explode into the -50% +/- correction that follows.
What's your thought on history of btc? Where every 2 years on average thru the calender years it up 10x every 2 years since its inception.
I wrote a history piece on bitcoin about this subject
This whole year has been an anomaly the more research I do.
I have my reasons.
ianrdouglas
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@Legalizedhustler, I've done what I can in the limited time I've had to delve back into the previous bull runs, and to review the whole trajectory, but there's a lot more investigation I'd like to do, if time allows. My main question has been to estimate the near top. Once the craziness I suspect will soon unfold has passed, and if I survive it, I will for sure wipe the slate and start over, and go through every goddamn candle, because it's plainly evident — and I don't see this changing — just how dependent 90% of the entire crypto market (at least in the top 200) is on BTC. It's the first and last coin we have to understand and always keep in view.