Decentralized_Crypto

Bitcoin Bull Market not until 3rd quarter of 2021?

BNC:BLX   Bitcoin Liquid Index
I updated the channel for weekly closes top and bottom. As you can see we have only really hit the bottom channel 1 time if you don't count that wick. Top channel has been hit on 2 occasions so far with 4 weekly candles right at the top of it recently. I am looking for a long dragged out down trend back to the median line. I have outlined in green different targets for the continued bear market. If we really take a step back and tone out all the FOMO shills that seem to be non stop in this market we can get a grasp on what could be playing out before our eyes. I still believe we are in a MACRO ABC Correction of a 10 year 12345 wave structure that ended at the end of 2017. I know in this space you get crucified for thinking Bitcoin is going lower and that actually makes me even more confident that this market has not truly hit bottom. The estimated halving is outlined by the yellow vertical line. Green box is the potential start of the bull market leading to possibly another 10 year cycle! The bottom targets between 1200-1800 are in my opinion a return to the norm/true capitulation and are a great place to get long if you are a investor.
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