I don’t personally have any attachment to crypto. I don’t think it’s the future of the financial system or anything like that, per se. Personally, I think it’s a speculative asset that has a remarkable way of reflecting liquidity in the markets. And so I watch its structure in an effort to help me to influence my bias in a way that may favor the future direction of liquidity.
So let’s take a look at it, from inception.
From the very beginning, I think we can see a very clear 5-wave advance with excellent fibs up, down and sideways:
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