Bitcoin Bull Market Blueprint - What The Last Leg Looks Like
I've poured every ounce of my being into understanding markets, cyclical behaviors, patterns, etc. I very much believe this is the path for Bitcoin. Wave 5 will resemble wave 1. I expect it to run to the 1.618 fib extension. There will be no retest just like in wave 1, but the level will later be retested as the eventual next bear market bottom.
Everyone expecting prices below $28K will be left behind, and it will force more FOMO and higher prices in the last leg. The sentiment is perfect for it. Everyone thinks the bear market already started, and being wrong is what will make the final bull impulse faster and more furious than ever before.
The trajectory based on the wave 1 bars pattern matches what would be a run to the top of logarithmic growth channel, which all past BTC cycles have topped at. The 144 bars have significance re: Gann. It all also follows a parabolic curve. Getting this published to look back on fondly when I am retired next year. ;)
Everyone expecting prices below $28K will be left behind, and it will force more FOMO and higher prices in the last leg. The sentiment is perfect for it. Everyone thinks the bear market already started, and being wrong is what will make the final bull impulse faster and more furious than ever before.
The trajectory based on the wave 1 bars pattern matches what would be a run to the top of logarithmic growth channel, which all past BTC cycles have topped at. The 144 bars have significance re: Gann. It all also follows a parabolic curve. Getting this published to look back on fondly when I am retired next year. ;)
CoinChartist is run by Tony "The Bull", a level 3 CMT student & technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!