The idea is that we are entering the 1st of the 3rd wave in a Bitcoin 30+ year supercycle
This is wild speculation with modest price targets. Bitcoin 4 year cycle + Logarithmic Regression + Elliot Wave
Yellow trend line breaks to create new trend line at lower degree slope
Plotting these lines its looking like we are in for a longer bear market bottoming process than previous cycle
Looks like we are at the bottom of the overall trend line. Could it be possible we are set up for a 3rd wave of 3rd wave scenario?
Count suggest we are entering third wave of third wave
Bitcoin 4 Year Cycle with trend line on logarithmic chart
I think when the crypto marketcap goes up, Bitcoin dominance will decrease
Yellow pattern plays out. Is fake out to the downside, resume blue pattern with apex at Dec 16
We are in the buy zone now
Logarithmic trend line indicating bitcoin price will hit 20k March 2020, at which point will go parabolic
Here is the scenario I think we are going to see unfold. 4.) sideways ranging till Feb/March, then 1.) bull market till we breach previous all time high in Feb/March of 2019, then 3.) hyper Bull market till we establish a new all time high
Attempt to extrapolate previous price action to see how history might repeat itself
Looking at thee bullish divergence where previous 2 have led to major bull run. Expecting run up to where downward sloping resistance and .618 fib retracement converge
Forecasting mostly sideways action with possible high volume capitulation dump down to historical logarithmic trend lines
Inspired by Azop Rainbow charts and a few others I've seen, this chart is to help me see overall snapshot of what to expect over the next few months. Squares indicate cycles of Bull/Bear/Sideways