$BTC
Medium Timeframe Analysis
Triangle is still miraculously holding and we are either complete or pending for sub-waves D and E. Bulls appear eager to clutch the markets. So, bulls have the upper hand until proven otherwise. Before we get onto the primary macro analysis, let's take a quick refresher for the medium timeframes with the probabilities listed from most probable to least probable.
⭐️ Scenario #1 - Triangle: I still am sticking to the probability of some kind of larger wave 3-4 of the primary degree to be the main narrative as a triangle. As stated above, It's either complete as shown, or, waves D/E are pending to complete. I don't want this to extend any longer however. If primary wave 5 doesn't end and we go even more bullish, the only way I can adjust it is via some kind of 1-2/1-2 being created.
⭐️ Scenario #2 - Extended 5th: The far more bullish scenario and only way we can fit in an extended 5th is going to be via a series of 1-2/1-2's (internal degrees are forced via market inefficiencies). Most important thing is that it does look like 3-wave corrections for each respective wave 2 being created.
$BTC
Medium Timeframe Analysis
Triangle is still miraculously holding and we are either complete or pending for sub-waves D and E. Bulls appear eager to clutch the markets. So, bulls have the upper hand until proven otherwise. Before we get onto the primary macro analysis, let's take a quick refresher for the medium timeframes with the probabilities listed from most probable to least probable.
⭐️ Scenario #1 - Triangle: I still am sticking to the probability of some kind of larger wave 3-4 of the primary degree to be the main narrative as a triangle. As stated above, It's either complete as shown, or, waves D/E are pending to complete. I don't want this to extend any longer however. If primary wave 5 doesn't end and we go even more bullish, the only way I can adjust it is via some kind of 1-2/1-2 being created.
⭐️ Scenario #2 - Extended 5th: The far more bullish scenario and only way we can fit in an extended 5th is going to be via a series of 1-2/1-2's (internal degrees are forced via market inefficiencies). Most important thing is that it does look like 3-wave corrections for each respective wave 2 being created.
$BTC
Primary Macro Analysis
Ladies and gentlemen, we are only 10 days away from the #Bitcoin#Halving. The immediate approach to price action isn't as important, as all previous halving events didn't show any immediate volatility on the day of the halving itself. Rather, we can divide the overall continuation of the bear or bull market via post-event.
⭐️ Bullish Interpretation
1. Bull run continuation #1 - As we can infinitely adjust the whole move up in terms of counts, it really doesn't matter how we label it until it actually finishes. I am sharing my interpretation that also obeys alternations while keeping in mind of a bull run continuation. As we continue to grind within this region, and with the combination of our medium timeframe analysis flat possibility, we have the possibility of continuing a summer run, followed by an autumn correction, typical of how seasonal cycles work. We would then conclude 2024 with the final push to wave 5.
2. Bull Run Continuation #2 - Parabolic run is possible. If we take a look at our current primary wave 1 and 3 in yellow, they are equal in length. In theory, if you have wave 1 and 3 in similar length, you can expect wave 5 to extend, which isn't uncommon in trending markets.
@realcryptoface I'm just a tea drinking pome (prisioner of mover england). So p.g tips is the tea of choice.
And this cracked me up so hope it does you as well.
I look forward to ur next live stream mate.