Bitcoin and Elliot playing in the waves of time!
This chart by no means is a price prediction. It's a look into a possible future for bitcoin in the coming years based on Elliot wave theory. In this chart I am are assuming that Bitcoins next move is the start of wave 5 in Elliot wave theory. When ever it ends the theory states that a massive ABC correction will follow, which would kill the mania and be bitcoins first true BIG bear market. This correction (crash) would not only be devastating by price but also by time, as it would most likely last multiple years and be the longest bear market to date. It would physiologically kill the market, and it's this this bear market that would likely kill all the shit coins and show which projects will last for years to come. It's only a devastating crash like that would cleans the market of scams, that would then catapult all the survivors to the next level in the eventual impulse wave 3!
Time frame
My time frame for this to start is 2026 to 2029. It all depends on how long it takes for the first impulse wave of wave 5 takes.
How long will the bear market crash last?
The question that everyone would answered is the one question that no one can answer. It could be that some or most people might not see new highs for the rest of their natural lives... So 10 to 30 years... But I would say most likely 10 to 15 years would be in the cards.
What about adoption?
I believe that in this bear market is when the true adoption and the realization of the use and necessity of Bitcoin/blockchain/defi to the masses. This is where Bitcoin gains critical mass in my opinion, but it will take a long time. This is all hypothetical of course providing we haven't lost technology through war or any other interruptions.
This is my outlook for the next decade or so, but I might be getting ahead of my self.
Let me know what you think in the comment section down below.
Thanks for looking
*The only certainty is, that there is no certainty*
Time frame
My time frame for this to start is 2026 to 2029. It all depends on how long it takes for the first impulse wave of wave 5 takes.
How long will the bear market crash last?
The question that everyone would answered is the one question that no one can answer. It could be that some or most people might not see new highs for the rest of their natural lives... So 10 to 30 years... But I would say most likely 10 to 15 years would be in the cards.
What about adoption?
I believe that in this bear market is when the true adoption and the realization of the use and necessity of Bitcoin/blockchain/defi to the masses. This is where Bitcoin gains critical mass in my opinion, but it will take a long time. This is all hypothetical of course providing we haven't lost technology through war or any other interruptions.
This is my outlook for the next decade or so, but I might be getting ahead of my self.
Let me know what you think in the comment section down below.
Thanks for looking
*The only certainty is, that there is no certainty*
tiktok.com/@wearesat0sh1
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.