4 Tweets 20 reads Dec 09, 2021
Ok so a thought for #Bitcoin that explains everything we have seen. Note: this is just chewing the fat and won't affect trading (we take it level by level, right)?
Thread
👇👇👇
1. We have been in a Bear Market since April
2. The only anomaly is the 1st 3 weeks of October...
... where price has exploded on low volume. So some sort of manipulation there. The charts haven't lied though. We have discussed this low volume for months.
3. From Elliott Wave perspective we are in a giant ABC correction. (Just started wave C at 69k)
4) It ties in with the #DXY bottoming in April (#DXY bottoms, #Bitcoin tops!). #Bitcoin had its dead-cat bounce from July up until the end of September after that.
5) The core bull-run was from 4k-65k - A 15x return.
Looking forward to any thoughts!

Loading suggestions...