A simple Elliot wave analysis of BTC's cycle. I predict we top out between 140-190k, before entering a bear market that will last ~12 months, likely ending early 2027. I can imagine that we form a massive H&S before we decline.
I believe the widespread adoption of crypto, BTC reserves, ETFs, etc. will serve as a bulwark against too harsh a winter. We perhaps drop to the 56k support, which would be an excellent buy-back opportunity.
Prepare to exit the market and remain tethered up for about a year or so. Don't get greedy. Things are gonna heat up real soon for the broader market.
Happy trading,
Melonfarmer
I believe the widespread adoption of crypto, BTC reserves, ETFs, etc. will serve as a bulwark against too harsh a winter. We perhaps drop to the 56k support, which would be an excellent buy-back opportunity.
Prepare to exit the market and remain tethered up for about a year or so. Don't get greedy. Things are gonna heat up real soon for the broader market.
Happy trading,
Melonfarmer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.