(Using the BraveNewCoin Liquid Index for Bitcoin (BLX) on a Monthly time frame - log scale)
Are we in a Massive Macro Elliott Wave that started back during our first bull market in 2010?
If so are we seeing an ABC formation and will it be a Flat ABC formation that takes us back down to the bottom of our bear market of 2018?
Or
A Zig-Zag ABC formation that will take us down even lower than our December low of 3.1k, possibly as low as 2k or even mid to low 1k region?
Interested in hearing your thoughts below.
Are we in a Massive Macro Elliott Wave that started back during our first bull market in 2010?
If so are we seeing an ABC formation and will it be a Flat ABC formation that takes us back down to the bottom of our bear market of 2018?
Or
A Zig-Zag ABC formation that will take us down even lower than our December low of 3.1k, possibly as low as 2k or even mid to low 1k region?
Interested in hearing your thoughts below.