Hi I would like to start my analysis with a statement " A tiger always takes steps back before the attack" and that is what is the need of hour.
Bitcoin is the future for next 10 to 15 years with the growth of web 3.0 and defi space we need a large adoption which is only possible if the asset is available to maximum at correct price with flush out of weak hands who have entered for short term greed.
Greed is not bad but greed with a vision to enrich with a belief is important but weak hands disrupt the market essence with the correction forcasted we will be able to flush out the weak hands and establish strong players for the future.
As per Elliot wave theory also wave 4 is the ultimate flush out of people who are in disbelief of an asset and wave 5 starts with strong hands and people who know when to book profits at right time as that wave is sharp and only strong hands can win.
The forcast show wave count of bear run with patterns in support ( head and shoulder & triangle at support) also the dates in the charts corresponds with the halving cycle and vpvr.
The blue dotted lines represent the future start of wave 5 of sub millanium cycle which the followed by the 5 waves of wave 5 which also corresponds with traditional markets cycle of wave 5 which I have forcasted in my other analysis.
I have started a new trade account with only 0.02 btc for futures trade let's see what it takes and what it gives at the end of complete cycle.
Many people believe that bears are only bearish but the fact is bears are the one who establish the base of bull run with correct buying.
If this analysis helps you understand the market sentiment and helps you in your trades to earn support me with a share so that technical analysis can gain status of a full time occupation and not a tag of speculation or gambling.
Bitcoin is the future for next 10 to 15 years with the growth of web 3.0 and defi space we need a large adoption which is only possible if the asset is available to maximum at correct price with flush out of weak hands who have entered for short term greed.
Greed is not bad but greed with a vision to enrich with a belief is important but weak hands disrupt the market essence with the correction forcasted we will be able to flush out the weak hands and establish strong players for the future.
As per Elliot wave theory also wave 4 is the ultimate flush out of people who are in disbelief of an asset and wave 5 starts with strong hands and people who know when to book profits at right time as that wave is sharp and only strong hands can win.
The forcast show wave count of bear run with patterns in support ( head and shoulder & triangle at support) also the dates in the charts corresponds with the halving cycle and vpvr.
The blue dotted lines represent the future start of wave 5 of sub millanium cycle which the followed by the 5 waves of wave 5 which also corresponds with traditional markets cycle of wave 5 which I have forcasted in my other analysis.
I have started a new trade account with only 0.02 btc for futures trade let's see what it takes and what it gives at the end of complete cycle.
Many people believe that bears are only bearish but the fact is bears are the one who establish the base of bull run with correct buying.
If this analysis helps you understand the market sentiment and helps you in your trades to earn support me with a share so that technical analysis can gain status of a full time occupation and not a tag of speculation or gambling.
