-We need the third Elliot wave down.
-Fib numbers seem to be confluent with that range.
-100 week EMA is 1k. 100 week MA is 720.
-Gap between 770-990.
-This capitulation assumes Bitcoin will mega dump...
My target is 4900 this year before the crash.
Pole target is near the exact of the Fibonacci 1 to 1 number.
The indicators have room for a squeeze.
This summer will be hot :) REOPENING!!!
The effects of the printing will be felt later...
Each wave of this extension had an ABC. We will start wave 5 this week and the gainage will happen quickly. This summer will be hot. after 17K is reached on this index, then we crash.
Wolfpack curling up for another run
Room on RSI for squeeze
Buy signal on the Potato indicator
CHART + ELLIOT ANALYSIS
The same Fractal of the previous wave...
-Massive Head & Shoulders
-Bearish pennant on the smaller time frames
-Starting 5th wave of Elliot corrective pattern DOWN.
-No buying pressure - FUD
-BTC is in a BEAR MARKET... (Still healthy!)
No trades in this region. Orders set low... Stay tuned for updates.
Regions being targeted:
16.5-20K (LOGICAL CORRECTION TARGET)
9.5-12k (MAX PAIN EVENT)