So this is a good scenario in case we get a truncated 5 of C. This is also the scenario where BTC goes to about 7k and stays there (max 6800). There is also a worse scenario where we continue with the bear market.
I don't believe we will be going for new ATH this year, or at least the first half of the year. We might reach 11k, gain some FOMO and liquidate longs all the way to 3500 (at least). Wouldn't be surprised to see 2400 or even 1200.
I think we'll reach max pain by June or maybe July at the latest for MAJORITY of the markets.
I've had a theory that markets will...