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.
B) Wave 5 subdivides into 5 waves. Beginning in 12/2018, ending in 11/2021. Not quite 3 years.
C) Price-time touched the 5th ap of this very long-term setup. See circled area.
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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