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2021

[UPDATE BTC] THE LENGTH CYCLE THEORY: WHEN WILL THE END COME? ANOTHER SCENARIO HERE. FIRST OF ALL, YOU CAN SEE FROM THE VOLUMES AND THE LENGTH CYCLE THAT WE ARE NOT AT THE END OF THE BULL. CURRENTLY WE ARE IN LINE WITH THE THIRD CYCLE. THE CORRECT APPLICATION OF THE LENGHT CYCLE SUGGESTS DECREASING RETURNS AND A LONGER TIMELINE TO REACH THE TOP. HOWEVER, I SEE THREE SCENARIOS HERE, COMBINED WITH OTHER TECHNICAL STUDIES: A) CONSOLIDATION UNTIL JULY AND THEN BTC REACHES THE TOP DURING THE END OF SEPT. THIS SCENARIO FOLLOWS THE STOCK TO FLOW MODEL, THE HALVING THEORY AND THE CONCENTRIC FIBONACCI INDICATOR. IT DOES NOT FOLLOW THE LENGTH CYCLE (BTC REACHES THE TOP BEFORE CYCLE 3) B) CONSOLIDATION UNTIL AUG AND THEN BTC REACHES THE TOP DURING THE END OF NOV. THIS SCENARIO FOLLOWS THE STOCK TO FLOW MODEL. IT DOES NOT FOLLOW THE HALVING THEORY, THE CONCENTRIC FIBONACCI INDICATOR AND THE LENGTH CYCLE (BTC REACHES THE TOP IN LINE WITH CYCLE 3) B) CONSOLIDATION UNTIL JAN AND THEN BTC REACHES THE TOP DURING THE END OF MAY. THIS SCENARIO DOES NOT FOLLOW THE STOCK TO FLOW MODEL, THE HALVING THEORY AND THE CONCENTRIC FIBONACCI INDICATOR. IT FOLLOWS THE LENGTH CYCLE (BTC REACHES THE TOP AFTER THE CYCLE 3) Let me know what you think. I LIKE A AND C.
INDEX:BTCUSDLong
by Homocryptus
2
Bitcoin & Ethereum Elliot Wave Theory ComparisonWhat is Elliot Wave Theory? - Elliot Wave Theory is a theory that has five waves. 1 , 2 , 3 , 4 , 5 - Created in 1930's during one of the first US Bull Markets by Ralph Nelson Elliott - aka one of the most ancient trading philosophies of all time. It is very simple. 1/5 - Bottom Direct Accumulation 2/5 - Profits turned into downward buy back of bullish support band ( Most important to validate a Bullrun ) 3/5 - Biggest wave always 4/5 - Profits being realized and weak hands 5/5 - Moon 2-3x market cap Bullruns in BTC history.... 2011, 2013, 2017, 2021 - Each Bitcoin Bull Run has verified the Elliot Wave Theory that was created in the 1930's - Unlike new indicators that have just been made recently like the PI Cycle..... Time will tell. What do you think? Elliot Wave Theory likely?
BITSTAMP:ETHUSDLong
by AthenticWhale1
3
AAVE Primed and Ready for 2021The price of AAVE/BTC is currently consolidating in the lower band of a 10 month long parabolic trend. .0061 sats is the current support line and .0073 sats, the previous all time high from the last blow off top in September, is the resistance line. If it doesn't break resistance it'll test the local support line. However, I anticipate it will drop below that local resistance line down to .0049 sats, and possibly even .0040 sats. Fortunetly, that drop would be totally normal, and a healthy correction. Overall, the chart looks like people anticipate huge growth. It had two blow offs top within six months. Once a L2 solution successfully solves the gas fee issue, AAVE will go on an insane run. .015 btc in the summertime would be reasonable, if a L2 solution is successful by June. This is not financial advise. I am not an expert.
by JimmyMcBigMac
1
BTC - Does the climb stop here? 2 scenarios one more likely.BTC is looking like an upward channel after a volume confirmed breakdown from the upward wedge it was in before. Good consolidation at this level for a while despite the volatility, the the bottom support proving to be strong. That said uptrend from December has been broken with the November and then base uptrend to contend with. If we crush through this it's curtains for a while and likely a bullish downturn for the market as whole. This would require a big fundamental shift which doesn't seem likely. WHICH IS USUALLY WHEN IT HAPPENS DUN DUN DUUUUUUN But seriously, Fundamentals haven't shifted away from bullish since the early days of the climb, with more bullish news being released today of BTC backed loans by Signature bank in New York. Overall it looks like we've got more long term growth though the market as a whole is in a precarious position until we get confirmation of movement in one way or another. Confirmation would consist at this point of BTC breaking it's channel in one direction or the other.
by cryptosince1963
2