More confluence on why this 
BTC cycle will perform similar to 2017 vs 2021.
If we look at Elliot Wave theory, we can see the first cycle (red) had a long 3rd wave and somewhat truncated 5th wave.
The second cycle (green) had a muted 3rd wave and extended 5th wave.
The third cycle performed similar to the first, which makes me believe the fourth cycle will perform similar to the second cycle.
It appears the ₿itcoin cycle flip-flops every other time.
*NOTE* I used Closing Candles for when drawing EW to cancel out noise.
**EW drawings are extremely subjective, hence why I don’t use often for analysis.
BTC cycle will perform similar to 2017 vs 2021.If we look at Elliot Wave theory, we can see the first cycle (red) had a long 3rd wave and somewhat truncated 5th wave.
The second cycle (green) had a muted 3rd wave and extended 5th wave.
The third cycle performed similar to the first, which makes me believe the fourth cycle will perform similar to the second cycle.
It appears the ₿itcoin cycle flip-flops every other time.
*NOTE* I used Closing Candles for when drawing EW to cancel out noise.
**EW drawings are extremely subjective, hence why I don’t use often for analysis.
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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.