On this chart I’ve mapped Bitcoin’s full impulsive structure from 2017–2025 as a completed 5-wave advance. We’ve tagged the (V) top, and what’s forming now looks like the early stages of a larger degree A/B/C – with the local (1)(2) already in and real downside still ahead.
• The prior rallies were clean impulse legs; this last stretch has all the signatures of an exhaustion wave (extended 5th, blow-off structure, and failed follow-through).
• Current bounce fits perfectly as a wave (2) retrace after the first leg down – textbook spot where late bulls feel “saved” while smart money quietly exits.
• Ahead of us I’m expecting a multi-year, 5-wave decline (1–5 on the right side of the chart), unwinding leverage, hype, and all the “number go up forever” narratives.
This isn’t the end of Bitcoin – it’s the end of this cycle. The next few years are, in my view, for skill-building, capital preservation, and accumulation at true value, not chasing tops.
Trade the levels, respect the structure… and enjoy the ride. 🚀⬆️ then 🪂⬇️...
