Bitcoin Long Cycle
Updated
My personal view on Bitcoin long Cycle with Elliot Waves
Note
Even if we do not have a lot of datas on Bitcoin using what we have we can see the following patterns :- October 8th 2010 a 10 years Cicle started with Wave 1 ( I presume that this is 1/3 of a 30 years Cicle...but this is only an assumption for now as there are not enough data to confirm )
- June 8th 2011 End of Wave 1 with a Top
- November 19th 2011 End of Wave 2 with a Bottom
- November 30h 2013 End of Wave 3 with a Top
- January 14th 2015 End of Wave 4 with a Bottom
- December 17th 2017 End of Wave 5 with a Top
- 7 years BULLISH SUPER CICLE ENDED
Then we had an ABC correction Pattern
- December 15th 2018 End of Wave A with a Bottom
- June 26th 2019 End of Wave B with a Top
- March 13th 2020 End of Wave C with a Bottom
- 10 years CICLE ENDED
The entire move started on October 8th 2010 to December 17th 2017 could be Wave 1 of what I think it could be the 30 years cycle and it completes the 7 year Super Cycle Top
The entire correction move started on December 17th 2017 to March 13 2020 could be Wave 2 of what I think it could be the 30 years cycle and it completes the 3 year coorrection Cycle Bottom
NOW :
- a New 7 Years BULLISH SUPER CICLE STARTED with Wave 1 starting on March 13th 2020
- The 30 Years Cycle is on Wave 3
If the future is but a repetition of the past I think that we could see a major move up considering the Sum of 3rd Wave of 30 Years Cycle and Wave 1 of the 7 Year Super Cycle that are both bullish and pushing in same direction.
Legenda :
7 YEAR BULLISH SUPER CYCLE WAVES IN GREEN
30 YEARS CYCLE WAVES IN BLUE
Note
*** Additional Note : 7 Years MA in Blue provided perfect support to both Bottoms on December 15th 2018 and on March 13th 2020 confirming that the 7 Years Cycle is in place and running.
Bottoms on December 15th 2018 and March 13th 2020 where Wave A and wave C of Correction pattern ABC
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