BTC Bottom
Hello everyone,
I haven't been posting much as there was not much to say as BTC was moving sideways in a boring way.
Now we arrived at the final stage. I believe BTC is bottoming out. fear is in the streets. Historically extreme fear is the best moment to buy in the markets. Also as you can see we are approaching the bottom of the long-standing channel.
I expect BTC to shoot to 50-51k and then consolidate above 46 before completely taking off. We are finally completing wave 4 (EW). I gave as a target for the bottom 5 months ago 29-32k... well not that far away from it (32900). When we were at 32900 however I ve got greedy and I was expecting 29-24. Nevertheless, the sign now is there for the reversal. If the channel is lost, then we may see a flash crash with real panic but that will be bought quickly creating a swing similar to March 2020.
Pack your bags
I haven't been posting much as there was not much to say as BTC was moving sideways in a boring way.
Now we arrived at the final stage. I believe BTC is bottoming out. fear is in the streets. Historically extreme fear is the best moment to buy in the markets. Also as you can see we are approaching the bottom of the long-standing channel.
I expect BTC to shoot to 50-51k and then consolidate above 46 before completely taking off. We are finally completing wave 4 (EW). I gave as a target for the bottom 5 months ago 29-32k... well not that far away from it (32900). When we were at 32900 however I ve got greedy and I was expecting 29-24. Nevertheless, the sign now is there for the reversal. If the channel is lost, then we may see a flash crash with real panic but that will be bought quickly creating a swing similar to March 2020.
Pack your bags
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