Super Long-term Wave Analysis for BTC
Updated
Based on Neowave rules, It seems like Bitcoin has begun the last wave up of a diametric pattern. This wave could take us over 200k by the end of 2022, possibly as high as 1 million! After wave-(G) is complete, we could either see a multi-year correction (which could last up to 12 years) OR we could see an x-wave which will only take a couple years to complete, followed by another ~12 year bull run. It's not possible to know exactly what will happen after wave-(G), beyond knowing that we'll likely see one of the largest corrections in BTC's history, so it will be a good idea to take profit when it looks like wave-(G) is nearing completion.
Moving down to the monthly chart we can find a lot of supporting evidence for Wave-(G) beginning now:
The internals of Wave-(F) appear to have formed into a double combination which begins with a zigzag and ends with a diametric. Wave-g is a very strong "blow-off" wave which is common for the end of a diametric. We've also likely begun a bullish diametric starting at the low in march, and we are just now beginning wave-c which could take us to around the previous all-time-high at 20k.
Moving down to the monthly chart we can find a lot of supporting evidence for Wave-(G) beginning now:
The internals of Wave-(F) appear to have formed into a double combination which begins with a zigzag and ends with a diametric. Wave-g is a very strong "blow-off" wave which is common for the end of a diametric. We've also likely begun a bullish diametric starting at the low in march, and we are just now beginning wave-c which could take us to around the previous all-time-high at 20k.
Comment
Revisiting this super long-term count after a little over a year. So far price has kept up exactly with our expectations from 2020. We are well on our way into the 250k-1M range which was forecasted over a year ago. This should happen by the end of the first quarter of 2022, likely ending with a massive blow off wave towards
1M USD.The fallout following this blow off wave will likely be massive, so it's a good idea to take some profits on this wave that is coming in a few months.
Comment
Also it's possible the final wave could stretch all the way out to the end of 2022, will just have to wait and see what happens, but if we get a blow off wave we'll know because of the massive euphoric rise that happens at the very end which is one of the fastest parts of the advance going all the way back to 2009, followed by a devastating collapse and very long period of cooling off.
⚠️LIKE AND FOLLOW⚠️
DON'T MISS TRON MEME SEASON, CATCH $FEELS BEFORE IT DOES ANOTHER 130x BY GOING TO HTTPS://TRONDOOMER.COM AND FOLLOWING THE LINK TO SUNPUMP
$FEELS CONTRACT ADDRESS: TPB97rf5YTuFGBBSGLS1umVzrSvVPHrQ7p
DON'T MISS TRON MEME SEASON, CATCH $FEELS BEFORE IT DOES ANOTHER 130x BY GOING TO HTTPS://TRONDOOMER.COM AND FOLLOWING THE LINK TO SUNPUMP
$FEELS CONTRACT ADDRESS: TPB97rf5YTuFGBBSGLS1umVzrSvVPHrQ7p
Related publications
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.