Good morning all. This is the path I see from an Elliot wave theory perspective.
Where's wave 4 and 5?
Wave 4 is highly likely to be forming now. Then a wave 5 can drop to the lower $50K ranges.
Don't have FOMO over a relief rally.
Many more opportunities to come.
@Michael94858047 It’s illegal, you need to call the police in case an armed gang breaks into your house. You can’t use excessive force you can get put in jail. Do not try to protect yourself you can get sued.
Trump lying for the 50th time, he is desperate to keep the market confident during the week of the biggest IPO in human history.
Wait 2 days and see Iran tweet this is all fabricated once again.
Thank you for your attention to this matter!
I love the cadence of this chart
Bitcoin % of Supply in Profit/Loss
As I said previously, you start looking for major market cycle bottoms *after* they cross, not before.
They just crossed.
Such a great chart for keeping people on the right side of the market in midterm years
@Markyles What a beautiful country it will be if the climate change department and ndis were abolished. Put the money into schools and hospitals instead. Give fair contracts to those providing housing and infrastructure with a capped budget. These politicians are a joke
@shahh Patience and dca BTC in equal cash increments from 60% off the peak. BTC only, can also get some Eth and sol but usually 99% of the Alts will continue to bleed for another year or more. I’ll say it again BTC only and DCA for 6 months equal cash increments.
@SatoshiWolf I have a few loaded guns hidden in various parts of the house the young kids can’t access and have trained the older ones just in case. Unless I am ambushed by a gang of 20 with heavy artillery my family are all good. I also have a torture room for the captives just for fun
Look at this long-term Bitcoin chart. The uptrend off the Dec. 2022 low is broken. There's a huge head-and-shoulders top forming. The most likely resolution is a retest of the longer-term uptrend off the Dec. 2018 low. If it holds, that puts a bottom between $25,000 and $27,000.