Madge Priolo K2j8

$BTC



Bitcoin is in a final stage of its bullish cycle! The major impulse Elliott Wave is almost finished. What you really want to focus on is this long term 2017 -> 2021 trendline. When bitcoin touches this trendline (make sure you setup an alert in tradingview), it's definitely time to sell and run away!

It's not only the trendline that is a strong resistance; it's also the Fibonacci extension (1.618 FIB). While a trendline is a dynamic resistance, moving together with price, fibonacci is a static resistance with a fixed level. Our fibonacci level is exactly at 122,069 USDT. I know there will be moon boys predicting 200k or 300k in 2025, but this is pretty much impossible. The market cap of Bitcoin is already relatively high, as you can see in the picture below.

After you sell your Bitcoin, wait for a significant correction (bear market). I expect this bear market to be in years 2025 - 2026. From the Elliott Wave perspective, wave (4) is always a strong support and liquidity point for whales. Bitcoin's wave (4) is at 49k. So we can find support at around 50k - 65k.

Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!