Keep this in your pocket: Oct 2021 will be a Bear market for BTC
Not a disclaimer: It is a known trick that a glass of beer might help you digest this analysis much easier.
Actual Disclaimer: This is purely a classic Elliot Wave analysis for bitcoin's macro view in 2021, for educational (and perhaps entertainment) purposes.
Additional disclaimer: My Bear trend forecasts have been wrong before and I do not presume to know the future -- so do take this forecast with a pinch of salt or two (not the beer!).
More disclaimers: After nearly a year of understanding Elliot Wave analysis (and making bad trades before) I am now employing it as a macro strategy. To note that I heavily advise to also factor in the microenvironments affecting Bitcoin before you make any trades.
The tldr analysis:
Actual Disclaimer: This is purely a classic Elliot Wave analysis for bitcoin's macro view in 2021, for educational (and perhaps entertainment) purposes.
Additional disclaimer: My Bear trend forecasts have been wrong before and I do not presume to know the future -- so do take this forecast with a pinch of salt or two (not the beer!).
More disclaimers: After nearly a year of understanding Elliot Wave analysis (and making bad trades before) I am now employing it as a macro strategy. To note that I heavily advise to also factor in the microenvironments affecting Bitcoin before you make any trades.
The tldr analysis:
- Bull trend till at least mid 2021
- Corrective phase in early 2021
- Bear trend towards end 2021
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