Bitcoin is nearing the end of primary wave 2 of cycle wave A of supercycle wave 2. Primary wave 2 has taken the form of a zigzag. which would indicated a future 4th wave of the same degree to unfold as a sideways correction. From the beginning of the Bitcoin price record, the crypto king has carved out a standard impulse wave. Cycle wave 1 was extended, meeting the guideline of a single wave extension, followed by alternate impulse waves for cycle waves 3 and 5. Cycle wave 4 took the form of a triangle with perfect 61.8% alternate Fibonacci relationships. The complex wave within the cycle degree triangle was wave E, a triangle itself and hardly visible on this weekly timeframe due to the contracting nature of both triangles. The final wave of the first cycle wave extension and the fifth wave at cycle degree trend towards equality on log scale. Primary wave 3 within cycle wave a should commence shortly bringing significant declines ahead for Bitcoin.
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