We are making third wave of the big cycle (starting from 0$ btc ) .
we are in subwave 3 , now making the 3 of that subwave 3 , that will mark the end of this cycle somewhere in 2024 .107K-150K will mark the top give or take ('grey box ) .
in green , purple and red lines ,you see the 4 years cycle original range . 2017 top was 3.618 fib of the previous cycle range , 2021 was nothing but the 200% fib of 2017 cycle , this cycle its gonna be either 1.618 or 200% of 2021 original range imo , this is where the grey box come from .
after we mark the top we will enter bear market that would not be very bleedy , imo , as the last bear market (wave 2 of the bigger 3 ) retraces 76% from top to bottom (from 65K to 15K) , wave 4 (2025-2026) bear market , would retrace less imo ,60-50K ish would be enough , after that we shoot for 5 wave of the subwave 3 of 3 .
its a little bit complicated if you dont understand EW ,you need just to focus on chart and you get it , in the meanwhile you dont need all this information as it takes to long , we are talking about 3M candles here .
what you need to understand . 2024 would probably mark the end of this cycle around 110-150K , after that we update . long term targets are subject to change , as we are continuously getting new chart data (prices ) ,new waves , targets and ranges .
this is not a financial advice
thank you
we are in subwave 3 , now making the 3 of that subwave 3 , that will mark the end of this cycle somewhere in 2024 .107K-150K will mark the top give or take ('grey box ) .
in green , purple and red lines ,you see the 4 years cycle original range . 2017 top was 3.618 fib of the previous cycle range , 2021 was nothing but the 200% fib of 2017 cycle , this cycle its gonna be either 1.618 or 200% of 2021 original range imo , this is where the grey box come from .
after we mark the top we will enter bear market that would not be very bleedy , imo , as the last bear market (wave 2 of the bigger 3 ) retraces 76% from top to bottom (from 65K to 15K) , wave 4 (2025-2026) bear market , would retrace less imo ,60-50K ish would be enough , after that we shoot for 5 wave of the subwave 3 of 3 .
its a little bit complicated if you dont understand EW ,you need just to focus on chart and you get it , in the meanwhile you dont need all this information as it takes to long , we are talking about 3M candles here .
what you need to understand . 2024 would probably mark the end of this cycle around 110-150K , after that we update . long term targets are subject to change , as we are continuously getting new chart data (prices ) ,new waves , targets and ranges .
this is not a financial advice
thank you
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