ltc-joe

The Life of Bitcoin: The definitive Historical Count Pt.1

BITSTAMP:BTCUSD   Bitcoin
In my last Bitcoin post, I laid out the case for a 10 Million $ Bitcoin and publicly revealed the historical Elliot Wave Count:


While my followers have long known this is the correct Count, until this last post I had not truly provided an 'in depth' look at the (all in all) decade long swath of research that was required to determine this is 'THE Count,' nor had I gone into great detail about what the implications of such a count are. As far as the latter goes, my last post began to unveil the astonishing Price Level that is implied to be achieved by the coming, *most powerful ever*, Bull market. Additionally, I went much deeper into some of the most influential factors supporting the completion of an epic, decade long, Wave 2.

While the many hours of video published (and charts I have posted) have helped lay out a few essential pieces of the puzzle,
for instance, Bitcoins' Price behavior in relation to significant 'Elliot Wave Lines,' what it means, and how such nuance should impact your Count, my last post was the first look into the *biggest factor that informs my Historical Count: Time. As vital as these perspectives are (in it of themselves) to finding the correct Count, thus far, my attitude has been simply to demonstrate the best Count amidst a limited window of time, and to tediously disprove all other realistic, alternative Counts (most of which are leagues above any other Count I have seen put forth (provided they take into account the entire history of Bitcoins' Price action)). In excelling in the above task, and more generally,
in all of my work, I have and always will strive to frame my analysis with an audience of pretty much any skill level in mind, all the while offering a glimpse into the concepts that set my conclusions apart from all others within the field.

The reader will be delighted to learn that this new series of posts,
in conjuction with my last post (shown earlier), officially mark the next phase of presentation whereby I will be, for the most part, actively making the case for 'what the count is,' as opposed to the necessary yet perhaps less exciting, ruling out of 'what the count is not.' As the market has shown, not only has this Count been further and farther corroborated, but it has indeed been beneficial to have aligned your analysis within this big picture understanding of what is happening in the market.

With that, it is now time to publish what will be the first part of a larger series of posts that will help put the final nails in the coffin of any who would proclaim I have not found 'THE Count.' The aim of this series will be to fill in the gaps of what has been, to this point, conciously withheld. Basically, I will dive deep into examining every important Segment in history, and exhaustively presenting the rationale needed Categorize and Classify them into Wave Types, here, with a sharp focus on the *Direct perspective. Feel free to follow along with your own charts, and correct any mistakes you might have made accordingly.

Todays' post revolves around the first *relevant Segment in Bitcoins' market history, and touches on why the Count begins where it does. In the following Chart Snapshots I will be demonstrating that this Segment is, in fact, an Impulsive Wave in Structure. More importantly, that it is an eXtended third wave impulse. To be clear, yes, it fits into the grand scheme of things as a larger Wave 1, though of course *at the point in time on this chart*, such a declaration would have been premature.

Wave 1:

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