Some guys send me massages asking why i am so pessimistic and to draw optimistic view. Well guys this is most bullish scenario i can see. Also they said it is impossible to have so huge drop. Don’t know what will happen i am not God! I can only do my best to trade what I see (if emotion doesn’t destroy my charting lol) In this scenario (scenario B – bullish one)...
Bitcoin has to deep one more time to finished correction and to finished wave 4. Target between 1300-3200. Having in mind that sp500 will also correct soon and is on ATH with no reason, this is very possible scenario, after which bitcoin will have several years of bull market. Be careful.
It’s unbelievable how it look the same like 100 years before. This Blow-Off Top pattern will finish same like it finished 1929 – with real crash. Plus we have covid now and President which doesn’t care for Wall Street. Red is chart from 1918 till 1956. 24 year market need to recover, and that is correction. March correction was just last deep before the end.
On weekly it falls out. Next week will be crucial It needs to bounce hard to heal itself. Otherwise there are two targets
Check volume on this rise. No there is no volume. My view that bitcoin just or will soon finished B wave after which will visit 3-6000 to finished this long bear market
This is just how i see my 5 wave. CHeck forst video