TheCryptoRocky

BTC longterm projection

BITSTAMP:BTCUSD   Bitcoin
I believe we're about to start the 4th wave in Bitcoin's history. As you can see every single wave had exactly 170 weeks, followed by accumulation period (white rectangles)- that's where I believe we are at now. If i'm correct a break of the downwards white diagonal resistance would be confirmation that would trigger the 4th wave. I believe that'll take a few months first. As you can see there's also the possibility of the formation of a new channel. I also made the projection to the end of the next wave according to a) % projection based on previous waves; b) end according to Fibonacci extension (the last wave ended spot on according to this) and c) end according to the top of our current new channel.

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