1/ #Bitcoin Macro Counts:
Because of a deep correction, I suspect that bitcoin is in 4th wave. It is more probable that Bitcoin is going through 2nd wave correction which started last year on 10th Nov. The 2nd wave idea is infact more bullish than the 4th wave scenario.
Because of a deep correction, I suspect that bitcoin is in 4th wave. It is more probable that Bitcoin is going through 2nd wave correction which started last year on 10th Nov. The 2nd wave idea is infact more bullish than the 4th wave scenario.
2/ Macro Primary Count:
Here is Double Zig-Zag in wave 2, With wave W almost completed. One leg lower might come in LTF. For that I have posted a short term update couple days ago. #Bitcoin 3rd wave will be the long awaited bull run.
Here is Double Zig-Zag in wave 2, With wave W almost completed. One leg lower might come in LTF. For that I have posted a short term update couple days ago. #Bitcoin 3rd wave will be the long awaited bull run.
3/ Macro Primary Alternate: Flat Correction.
This scenario is almost similar to the previous one with a slight difference that wave B should retrace upto 58.4K minimum to call it a flat. Wave B can extend further to new ATHs before a sharp drop into wave C.
This scenario is almost similar to the previous one with a slight difference that wave B should retrace upto 58.4K minimum to call it a flat. Wave B can extend further to new ATHs before a sharp drop into wave C.
4/ Wave 2 is Near Completion:
In this scenario wave 2 is near completion, Which will more likely terminate in and around the fib box (16-10k) on 11th to 21st July.
In this scenario wave 2 is near completion, Which will more likely terminate in and around the fib box (16-10k) on 11th to 21st July.
5/ FED Pause:
Primary count and alternates shared above aligns perfectly with the FED pause scenario. Risk tends to rally into FED pause and then drops significantly into rate cuts followed by balance sheet expansion and QE program.
Primary count and alternates shared above aligns perfectly with the FED pause scenario. Risk tends to rally into FED pause and then drops significantly into rate cuts followed by balance sheet expansion and QE program.
6/ FED cycle and pause scenario explained well by @jclcapital in his a must watch video youtu.be
7/ 4th Wave Scenario:
This count is still valid but downgraded because of a sharp correction.
This count is still valid but downgraded because of a sharp correction.
8/ Conclusion:
1. In all the counts shared in this thread, The move up is common among all. Which means that good times are forthcoming.
2. Whether it be an impulsive or a relief rally. Buckle up and get prepared for green months.
3. Bitcoin is closest to the bottom.
1. In all the counts shared in this thread, The move up is common among all. Which means that good times are forthcoming.
2. Whether it be an impulsive or a relief rally. Buckle up and get prepared for green months.
3. Bitcoin is closest to the bottom.
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