Primary -
- Impulse peak fib extension consistency
- Peaks at 4 SDs of 50W EMA
- Peaks evenly spaced
- Log band confluence
Secondary -
- All peaks accounted for
- Wave symmetry and spacing even more consistent
- Macro EW count I am satisfied with
- Log band confluence
- Peak fib extensions not consistent
- All peaks not at 4 SDs from 50W EMA
Further evidence #Bitcoin has not had an impulsive top since Feb 2021:
Plenty of uncertainty. Macro econ, geopolitics, etc.
I believe we are far closer to a bottom than a top, and that the last "top" was over a year ago.
I believe at least one impulse is ahead before the next macro correction.
And I believe that correction will resemble a longer version of the last year, rather than 2014/2015.
These ideas are the basis of my long-term investment strategy.
Local bottom may or may not be in. Doesn't matter to me. Accumulation entries are planned if we go lower.
I see strong asymmetry to the upside from here.
Consider all ideas. Do what is right for you.
Source:TechDev