$48k or $20k retest?
Updated
Scenario 1: Retail Buyers Come in
BTC has NOT made a Lower Low on the A Leg (RED) and could potentially make a push up to the 0.702FIB (44k) and THEN ABC (restest) to 20k for confirmation before the BTC Halvening to finish off Macro Wave 2 (WHITE).
Scenario 2: No Retail Buyers and sideways market
BTC could just ignore the 0.702 and retest the 20k line and then a sideways market until the BTC halvening.
"BlockchainBacker" says there will NOT be a retest/crash before the BTC Halvening and its something "noobs" and "retail" think is going to happen.
BOTTOM LINE:
Im waiting on the retest to 20k.
BTC has NOT made a Lower Low on the A Leg (RED) and could potentially make a push up to the 0.702FIB (44k) and THEN ABC (restest) to 20k for confirmation before the BTC Halvening to finish off Macro Wave 2 (WHITE).
Scenario 2: No Retail Buyers and sideways market
BTC could just ignore the 0.702 and retest the 20k line and then a sideways market until the BTC halvening.
"BlockchainBacker" says there will NOT be a retest/crash before the BTC Halvening and its something "noobs" and "retail" think is going to happen.
BOTTOM LINE:
Im waiting on the retest to 20k.
Comment
IMO, BTC is going to display a god candle soon.Checkout the Fractals converge/diverge and 'play' btc and youll see its been taking a middle path.
TIMEFRAME: 2 WEEKS!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.