This is what I think BTC'S Macro outlook is looking like imo. We are within a Super Cycle W3 right now. Our lower degree W3 finished at the inverted fib of -5.236 near 65k. You can also do a trend based fib from $3300 to $14k and BTC did a 5.618 of Wave 1.
Right now BTC is either working or finished a W4. If not finished, it will make a triangle (better for alts) The longer it takes, the longer the bull market.
If we're done the projected W5 target is at the following fib levels:
-1.236 110K
-2.236 145K
-3.236 181K
-4.236 218K
-5.236 254K (This is the moonshot target, If we get here, no matter what I will sell everything)
After we finish Cycle III, then we will enter a bear market that should last 2-3 years and we ultimately bottom near 40-50K imo. I say that Because the larger degree W4's usually retrace to the lower degree W4's of the Previous Impulse Wave
Right now BTC is either working or finished a W4. If not finished, it will make a triangle (better for alts) The longer it takes, the longer the bull market.
If we're done the projected W5 target is at the following fib levels:
-1.236 110K
-2.236 145K
-3.236 181K
-4.236 218K
-5.236 254K (This is the moonshot target, If we get here, no matter what I will sell everything)
After we finish Cycle III, then we will enter a bear market that should last 2-3 years and we ultimately bottom near 40-50K imo. I say that Because the larger degree W4's usually retrace to the lower degree W4's of the Previous Impulse Wave