Idea about BTC Waves
It's a busy chart so, here's what I'm thinking :
Early in BTC's bull rally was a large amount of chatter about BTC's dominance that propagated and peaked over time (from $500 to 20k, or November 2015 to November 2017). We've crested that initial euphoria of discovery and are diving into a new stage of discovery and investment, for a new crowd, that may propagate further, especially if crypto becomes more accessible to our daily lives. The second oomph to the wave began between $3-5K which may not crest until 100k. I've stacked three elliot waves roughly over three years (coincidentally).
For the next few weeks I have the chart range bound to 15k. The last impulse wave will start with a rally to $30-40k (March or April), followed by consolidation in May (maybe the alts rally), the third wave to $50-70k (End of Summer), then finish off the year with 100k euphoria.
Happy Birthday Birthday Bitcoin ;D
On January 3rd 2009 Satoshi Nakamoto mined the first block with a message: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
Early in BTC's bull rally was a large amount of chatter about BTC's dominance that propagated and peaked over time (from $500 to 20k, or November 2015 to November 2017). We've crested that initial euphoria of discovery and are diving into a new stage of discovery and investment, for a new crowd, that may propagate further, especially if crypto becomes more accessible to our daily lives. The second oomph to the wave began between $3-5K which may not crest until 100k. I've stacked three elliot waves roughly over three years (coincidentally).
For the next few weeks I have the chart range bound to 15k. The last impulse wave will start with a rally to $30-40k (March or April), followed by consolidation in May (maybe the alts rally), the third wave to $50-70k (End of Summer), then finish off the year with 100k euphoria.
Happy Birthday Birthday Bitcoin ;D
On January 3rd 2009 Satoshi Nakamoto mined the first block with a message: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
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