good afternoon.
---
firstly,
this is an alternative to my primary case -
go check that one out if you're new here.
primary - via:
---
secondly,
the current correction we're in can be classified as the grand cycle wave 4.
wave 2 was sharp, therefore wave 4 is complex, as per the law of alternation.
a complex correction can take the shape of many different things.
this right here is a prime candidate if the flat fails in the months ahead.
---
if btc continues to flag out down here,
we will see a similar situation to what happened back in 2018 -
where compression will continue until the rug is pulled.
---
>lot of longs in the markets still, who are happily willing to push the price down heavily if a wave of liquidations was to be triggered.
>i do believe we'll hit 5k in this bear market, maybe even lower - just not sure which path we take for now, (but i've narrowed it down to the two main cases as of today).
✌
---
firstly,
this is an alternative to my primary case -
go check that one out if you're new here.
primary - via:
---
secondly,
the current correction we're in can be classified as the grand cycle wave 4.
wave 2 was sharp, therefore wave 4 is complex, as per the law of alternation.
a complex correction can take the shape of many different things.
this right here is a prime candidate if the flat fails in the months ahead.
---
if btc continues to flag out down here,
we will see a similar situation to what happened back in 2018 -
where compression will continue until the rug is pulled.
---
>lot of longs in the markets still, who are happily willing to push the price down heavily if a wave of liquidations was to be triggered.
>i do believe we'll hit 5k in this bear market, maybe even lower - just not sure which path we take for now, (but i've narrowed it down to the two main cases as of today).
✌