BTC at a significant EP

We are of the opinion that BTC is approaching a very significant EP. 

Elliott Wave

From an EW perspective, our current preferred count is that we are at the top of a wave B (making a double top).  If that is correct, 5 waves down into a wave C is at hand.  (Forgive the mis-spelling of ‘preferred’ in the picture).

Energy Points

There are a huge number of energy points lining up in the next several days.  To name a few:

  • 10/31/2021 is 13 years (Fibonacci) since the BTC White Paper
  • Saturn has moved 90 degrees since the 12/2017 high.

There are MANY others, but I think the 2 examples listed above are enough to demonstrate the significance of the timeframe we are in.

It is quite possible that our wave count is wrong of course.  We are short from 63,300 with a stop above the high.  In the event that we are stopped out we will consider reversing to long.

Happy trading!

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