Yes i was bearish and wrong in the past.Didn't expect new ATH on the previous charts!!!
If you look at the leg down starting in 2022, this was just a correction of the bull market (and yes i thought the beginning of the bear, but was wrong)
Now my vision what the chart is telling, is that probably we're creating a M-pattern
Maybe the BTC chart was giving the future of the SPX500.
Why if you take a look at the btc chart we could see a nice 5 elliot wave structure (in green) with after an ABC correction wave (in blue). Almost same like SPX500.
We could make a double top around 4831, when we cros that target we could go till 5156 (same like the btc chart) MEANING on the btc chart we had a 6,90% from the first high and the ATH.
IF we do that on the SPX500 that target from the ATH would be around 5156 (bears becomes bulls) (really think spx could hit this, the end of the big bull market)
BUT if we could cross that target the next and ultimate target would be around 5515 (this target is taking from the FIB 61.8° (the coronalow and the FIB 61.8°)
On the monthly chart we could see big bearish divergence (the blue and red arrow)
The big buy oppertunity for me is the coronalow around the 2222 (the bleu mark), but maybe already on the trendline around 2669 (also bleu mark)
Just be prepared, what went up needs to come down and zoom out, it's not like the most people are thinking: it's only going up up up. If you zoom out, you would see this is not a normal healthy chart. a chart what will bring pain,tears and white flags
Kind regards
If you look at the leg down starting in 2022, this was just a correction of the bull market (and yes i thought the beginning of the bear, but was wrong)
Now my vision what the chart is telling, is that probably we're creating a M-pattern
Maybe the BTC chart was giving the future of the SPX500.
Why if you take a look at the btc chart we could see a nice 5 elliot wave structure (in green) with after an ABC correction wave (in blue). Almost same like SPX500.
We could make a double top around 4831, when we cros that target we could go till 5156 (same like the btc chart) MEANING on the btc chart we had a 6,90% from the first high and the ATH.
IF we do that on the SPX500 that target from the ATH would be around 5156 (bears becomes bulls) (really think spx could hit this, the end of the big bull market)
BUT if we could cross that target the next and ultimate target would be around 5515 (this target is taking from the FIB 61.8° (the coronalow and the FIB 61.8°)
On the monthly chart we could see big bearish divergence (the blue and red arrow)
The big buy oppertunity for me is the coronalow around the 2222 (the bleu mark), but maybe already on the trendline around 2669 (also bleu mark)
Just be prepared, what went up needs to come down and zoom out, it's not like the most people are thinking: it's only going up up up. If you zoom out, you would see this is not a normal healthy chart. a chart what will bring pain,tears and white flags
Kind regards