i made a post on february 4th calling the top of btc at 60k - i was off by 5k \\ you can view that post down below.
also made a post back in march, warning everyone about the massive signs of weakness i was seeing.
my projected downside target back then was between 10k~15k, but i've come a long way in this learning journey, so i'm here to say that we will not be seeing 10k.
we could though, get all the way down to 14k as that would be the 123.60% fib extension (aka wave 5 target of wave c) - which would keep our 11 year grand cycle count still in tact.
the bullish invalidation for the 11 year move would be at 13831.41 (via the bitcoin liquid index chart) each exchange varies in price, but i think the blx is the universal chart which matters the most - so let's go with that number.
you don't want to know what would happen to btc if 13831.41 was breached - matter of fact, let's not even talk about it.
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if you press alt + i on your tv chart, you are able to inverse it. i find it much easier to chart downtrends from this perspective - so that is precisely what i did here.
as you can see: wave 3 of wave (a) hit the 1.618% fib extension, wave 4 hit the 0.386% fib retracement, and wave 5 is projected to hit anywhere between 14~18k via the 100%~123.60% fib extension.
this is probably not something any of you want to hear right now, but it is not like i am making this number up, it is simply what the chart tells me as of this evening.
Wave A target = 25k
Wave B target = 43k
Wave C target = 14k.
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also made a post back in march, warning everyone about the massive signs of weakness i was seeing.
my projected downside target back then was between 10k~15k, but i've come a long way in this learning journey, so i'm here to say that we will not be seeing 10k.
we could though, get all the way down to 14k as that would be the 123.60% fib extension (aka wave 5 target of wave c) - which would keep our 11 year grand cycle count still in tact.
the bullish invalidation for the 11 year move would be at 13831.41 (via the bitcoin liquid index chart) each exchange varies in price, but i think the blx is the universal chart which matters the most - so let's go with that number.
you don't want to know what would happen to btc if 13831.41 was breached - matter of fact, let's not even talk about it.
-
if you press alt + i on your tv chart, you are able to inverse it. i find it much easier to chart downtrends from this perspective - so that is precisely what i did here.
as you can see: wave 3 of wave (a) hit the 1.618% fib extension, wave 4 hit the 0.386% fib retracement, and wave 5 is projected to hit anywhere between 14~18k via the 100%~123.60% fib extension.
this is probably not something any of you want to hear right now, but it is not like i am making this number up, it is simply what the chart tells me as of this evening.
Wave A target = 25k
Wave B target = 43k
Wave C target = 14k.
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