The case for BTC to $4K in the near-term
Updated
BTC Macro EW chart.
Massive heaps of FUD rolling out of the Media Echo Chamber, Twitter vortex and Reddit-sphere amplifying or triggering what's already been in the chart for awhile now. The timeframes are based on the lengths of the 2nd wave, and Fib ratios of the ABC.
The ABC there in Primary will eventually makeup the A of the Macro ABC inside the 4th wave. You can clearly see the sub-waves within the Macro 3rd that topped at nearly 20k. The top of the macro 1st wave is $1100, which is an extreme low, that is possible upon mass panic, but I doubt $3500 will be breached. Robinhood bringing millions of new hands into the game, who only know that BTC is "worth alot" and is "going to be 100k by the end of the year!" What will happen when they buy high and BTC makes some "scary" waves?
Massive heaps of FUD rolling out of the Media Echo Chamber, Twitter vortex and Reddit-sphere amplifying or triggering what's already been in the chart for awhile now. The timeframes are based on the lengths of the 2nd wave, and Fib ratios of the ABC.
The ABC there in Primary will eventually makeup the A of the Macro ABC inside the 4th wave. You can clearly see the sub-waves within the Macro 3rd that topped at nearly 20k. The top of the macro 1st wave is $1100, which is an extreme low, that is possible upon mass panic, but I doubt $3500 will be breached. Robinhood bringing millions of new hands into the game, who only know that BTC is "worth alot" and is "going to be 100k by the end of the year!" What will happen when they buy high and BTC makes some "scary" waves?
Note
Note
Not sure why, but the 4th got moved to the wrong spot in that chart above. This is the correct chart. I think it's possible to see an Irreuglar Top B if FOMO enters from a "scary" low, which would look something like the red dashed arrows there.
Come find me at CryptoDamus, leading CryptoCurrency community:
discord.gg/8hNYVNS
Note
Bottom of the A approaching.
Ready yourselves for the B bounce.
Note
BTC bounced at the bottom of the Macro A right where I though it would, a little sooner than I had on my chart. Timelines are the hardest to nail down!
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