Have to update here, as the ribbons look ready for a bull rally... however, I don't believe this is a true bear market capitulation... and expect another big dump before this is all over... Looks like a bearish butterfly before a bear bat before the big drop.. gl
BTC has two options here... either a bat before a drop or it takes the decending triangle down 1st before 24k... from there we should fall hard.
My big Macro outlook into the next bull run... zoom way out, gl
Last possiblity I currently see here... and is also based on high probability price action in other markets... will be watching that .886 zone on btc here..
There definitely looks to be a bear flag happening here.. if it plays out we have a target of 7k... just keep this in mind...
I think the chances of a deep crab here are very high... as feds have stated they will aggressively fight inflation at is at 40-50 year all time highs, which means more and more interest rate hikes, which will only continue to push the dollar upward... BTC will also dive hard in the coming months after EU... gl
We have a possible hnS here with a 25k target BUT also a gartely awaiting... I'd wait to see what happens at the gately C target... Personally I believe we're going to dump back down to around the 18k mark... before pushing higher for another huge dump... gl
This is gonna hurt some feelings... but sol is likely going to sub $10... Gl
Looking for this time price going forward.... gl BTC update
Next possibility and what I'm watching this week... Note: If last weekly low breaks on btc, this will open it up to testing the last halving low around 3k
breakdown of what happening now... btc is going to 12k... well see what happens there... to me that will be a pause for more down moves... I can't see anything changing from inflation to Feds raising rates for the rest of the year to justify the end of this bear market... gl
updated from my last chart.. if we push up here.. look out.. i'd expect a 5 waves down to the 1.618 target next for btc, then a abc into another 5 waves to 13k.. gl
BTC open to yet another bear pattern here... possible gartely forming..
There is so much time before the halving... we might see a triple zig zag here.... where I circled shows where BTC opens it's self up for another harmonic pattern...
Did btc just complete a mega 5 waves up... and now a huge abc down? Emotional folks about price this isn't for you, but you technical guys... how does this look?
Looking for this bat before dive to 10k... gl
Looks like this is a zig zag EW pattern to 10k... will be interesting to see what happens at 10k..