OfficialSkoL

OfficialSkoL

Plays out on BTC, I expect this to be the case for LTC.

OfficialSkoL

This is an alternative theory from my previous theories today. What's going to happen? No one knows.

OfficialSkoL

I noticed this fractal is similar to the initial break down. Maybe it'll play out. I don't know. It's what I think would play out if we correct 80% from all time high.

OfficialSkoL

1M 50ma = orange line 1M 25ma = blue line 1M 100ma = red line Possible long term structure. The faster BTC tops the smaller the price. We will see what happens. Just a guess based on the structure of MA's, and the average correction around 80%. It doesn't seem like the monthly 50ma will hold forever.

OfficialSkoL

Maybe it'll happen, maybe not. I think it'll happen.

OfficialSkoL

We will be at 49k. Go back and find the structures in the September drop from 52k. Find the structures in the first drop after 66.7k. It's a classic ABC before a launch. 49k will represent the Peak in a B wave. Then we begin the fall to 22k.

OfficialSkoL

This makes sense when taking into account the odd movements. I think we are in some sort of complex correction macro wave 4 that will go until mid to late this year. This ends the 1st macro wave of that.

OfficialSkoL

I believe BTC needs an ending for the 3rd wave around 31k. Then expect a bounce through the trendline on the corrective 4th wave. 5th wave will retest trendline around 25k. I only see one major corrective wave, which took place from December 3rd to December 28th (wave 2). There is currently no other corrective structure proportional to this, which leads me to...

OfficialSkoL

............................................................ So I can find the chart later

OfficialSkoL

I never knew this existed. We retested 20k. Wowwowowowowowowowowowowowowowow.

OfficialSkoL

Need more down for the bounce up. Title says it. The next euphoria may be q1 2022 the way these corrections are dragging on

OfficialSkoL

This is a bull flag created by the double top. We have yet to have price touch the top of the flag. We will do a double bottom before up. No breakout. Retest to get higher low coming.

OfficialSkoL

I'm only charting the most explosive moves coming in crypto.

OfficialSkoL

There is a storm brewing beneath the surface. Alts that exploded early 2021 will be reclaiming territory. The strongest hands are left after the years ups and downs. Explosive move closing in.

OfficialSkoL

You'll see. Mania phase is boiling beneath the surface. Only strongest holders left after the year's madness. Hold.

OfficialSkoL

Of my last post, look at 2018 B wave. It also ran up to the 0.786 just as the current B wave is at that area. But what is most interesting is that it clearly has run an ABC expanding corrective flat after a 50% drop. And using candle closes - because bitcoin was too wicky in 2017/18 - we see the same results. Bitcoin ran an ABC expanding flat correction to the...

OfficialSkoL

because BTC price had been experiencing ABC corrective movements that are expanding. What is the most common extension of an expanding flat correction? Well my friends it turns out there is data on this. The answer is 1.382. Guess where our macro expanding flat correction has extended to? You guessed it the 1.382. I need no more evidence to convince me we are...

OfficialSkoL

I think we did 5 waves up and have completed the move with an expanded flat correction. This small scale move is inside a very large expanded flat correction. They look identical. A very interesting note is that what happens after the small scale flat correction, could foreshadow the macro direction. Thanks for reading.