BTC High-Degree Wave Count — Context for Lower-Degree TradesBitcoin all time history indexINDEX:BTCUSDFaux_HubrisI'm sharing my highest time frame wave count so followers can understand the broader context behind my trade ideas. Right now the crypto world is split: bears calling for new lows anywhere from 50K down to 3K, bulls calling for a parabolic move to 300K any day now. I think both are wrong — because both have misidentified the nested 1-2 structure. Zoomed out, the chart shows a clear nested structure where two trendlines serve as potential resistance for the Wave 1s — each subsequent lower-degree 1-2 compacting tighter as price works its way up. I do expect a new ATH within the next 12–18 months, but the path will frustrate both bulls and bears. We're currently forming a base in the 60–75K zone, and once price reaches the upper bound of that expanding range, expect the moon vs. zero debate to reset all over again. Once price reaches the upper bound, expect the moon vs. zero debate to reset all over again. Important caveat: Everything after Intermediate Wave 3 — labeled (3) in white on the chart — is speculation, included only as a visual reference for the completed cycle degree. That said, it's grounded in BTC's historical precedent. My expectation once Intermediate Wave 3 completes: a multi-year — potentially decade-long — distribution phase where it will become strictly range trading buying low, selling high, or providing liquidity at the middle of the range. Following such a powerful move, I'd expect a series of truncated Wave 5s, each technically making new highs but disproportionately small relative to their Wave 1 counterparts. This is characteristic of an exhausted count where smart money is offloading to late buyers. As for the correction following Cycle Degree Wave 5 — it's too early to set a target, but at that point the entire price history of BTC would be correcting. Assuming BTC remains in a longer-term secular bull run, that correction could retrace up to 100% and still be technically valid — which is why having a visual placeholder for it matters even now. Bottom line: This isn't a trade signal. It's a road map to ensure lower time frame ideas fit within the larger structure. The shape will evolve — I tend to underestimate how long moves take on high degrees — but if my primary count is correct, price should follow something close to this.