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BREAKING NEWS – BTC LONG TERM TOP IS IN

Updated: Jan 19

Summary:  Geometric Thinking has concluded that the 11/10/2021 high is likely a VERY LONG TERM BTC high.


We can not explain all the reasons for this conclusion here.  But we can point out a few important points.


A) The weekly chart shows 5 waves going all the way back to the very early days of btc.


btc finishing up 5 elliott waves

B) Wave 5 subdivides into 5 waves.  Beginning in 12/2018, ending in 11/2021.  Not quite 3 years.


wave 5 subdivides into 5 waves

C) Price-time touched the 5th ap of this very long-term setup.  See circled area.


price touched 5th ap

D)  The ATH is a harmonic of PHI.


1.618 * 1.618 * 100 = 261.8


261.8 * 261.8 = 68,540


Of course all exchanges have a slightly different ATH but each one is VERY CLOSE to that ideal number.


Bitfinex’ ATH was 68,958

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