C wave end point

The C wave might take 1-2 years to fully complete (of course this can be completely reversed if Bitcoin surpasses $12,400 for 3 consecutive weekly candles) and end at the top of the 3rd wave, around $1,150 in December 2013. TA done in Quarter 1 of 2019 showed that Bitcoin might reach the peak of its parabolic advance in Quarter 4 of 2021, but the bearish divergence starting at the beginning of August to end of October has now provided enough data to confirm otherwise. To think that Bitcoin could potentially crash down to a $1,000 - $2,000 price range is truly frightening, but this is not outside the realm of possibility when looking at the macro scale. In the Flat line scenario, the C wave comes down to reach the bottom of the B wave to form a double bottom around $3,200 (December 2018). In the zigzag ABC correction scenario, the C wave comes down and breaks the previous bottom of $3,200 and falls to the level at the height of the 3rd wave around $1,150 (December 2013). Once the C wave completes, it will begin the next 8 years of Elliot Wave.