ethmike

Bitcoin Elliot Wave Count

Long
ethmike Updated   
CME_DL:BTC1!   Bitcoin CME Futures
  • Pump for Bitcoin Spot ETF and Havling in Fall 2023.
  • Top around March/April 2024.
  • Failed Halving Pump.
  • Bad economic climate in 2024.
  • Liquidity Event.
  • Recession in Fall 2024.
  • Crash to sub 10K.
  • Bottom sometime in Fall 2025.
Comment:
Trade still in play
Trade active:
Now it's time to short pumps.
Trade active:
I'm no permabull or permabear.

Sold everything on March 14 including my long term HODL positions.

Going forward I'm bearish: Cryptos and Stocks. Right now I only have my trading account looking for SHORT setups.

My thesis is a recession is coming Q2 2024 and I rather be early.
Trade active:
Study:
3 peaks and a Domed House pattern. The domed house is definetely definitely for Bitcoin on the daily candle.

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