This is what bulls need to do in order to convince me (and presumably other bulls) that we bottomed above 3k.
We look to have started an impulse up, with a pretty strong wave (3), now working on wave (4).
If it bounces where it should, and procees to wave (5) being making a new local high, then we have a chance.
If we do not make a higher high, then the odds are that downtrend will continue to the sub 3k figure I think is coming.
This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not.
First I saw 3618 on CoinBase as important which had been on my charts for over 6 months:
Getting closer, I started to see a bigger picture of a 4 wave impulse that started with the 7400 drop:
As it bounced, 4425 came into focus as the big hurdle:
After it topped at 4425, a combined with EW waves pointed to a serious pullback:
So now zooming back out to the original large 5 wave impulse, targets are in sight again:
The current plot is to look for signs that we have already botttomed, and this would a first such sign:
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That is the reason why i always have a secundairy count lying around