Been seeing patterns on charts all morning and had to just get them out of my head and onto a chart!
A simple bullish approach to Bitcoin's long-term price movement using basic Elliott Waves on the monthly timeframe.
Pink arrows represent MAJOR Elliott Wave movements
Purple boxes indicate key liquidity zones as well as a rough guide for potential entry / exit / buyback areas
Green dotted line represents BTC top as of 15:09 06/Oct/21
May 2024 halving would occur just after the completion of this theoretical Elliot Wave cycle.
What would happen after I wonder?!
Liquidity box zones will need to be adjusted over the years.
Not financial advice.
I do this for personal enjoyment, and realize other indicators may conflict with this analysis.
A simple bullish approach to Bitcoin's long-term price movement using basic Elliott Waves on the monthly timeframe.
Pink arrows represent MAJOR Elliott Wave movements
Purple boxes indicate key liquidity zones as well as a rough guide for potential entry / exit / buyback areas
Green dotted line represents BTC top as of 15:09 06/Oct/21
May 2024 halving would occur just after the completion of this theoretical Elliot Wave cycle.
What would happen after I wonder?!
Liquidity box zones will need to be adjusted over the years.
Not financial advice.
I do this for personal enjoyment, and realize other indicators may conflict with this analysis.
Comment:
The weekly candle closing above 60k will be an important event this evening for bullish continuation!