Homocryptus

[UPDATE BTC] Will you survive the worst case?

Short
BITSTAMP:BTCUSD   Bitcoin
Been talking since last year about the worst case (red): 8 years away from next ATH

The most bullish case would be the black scenario.

Honestly, I cannot be bullish if I see the monthly chart.
Comment:
How can you be super super short term and mid term bullish here. Best case is the 2024 mini pump.

Comment:
Or even this harmonic pattern..but anyway, i don't see any ath anytime soon in the next 2 years.

Comment:
Here how the RCI lines indicator could resolve.


Note:
1) when Red goes down in that specific way, along with the green and white lines = further dump incoming. That could resolve in 2 months.
2) When white and green lines are at the bottom we usually see a red line pump (=first not sustainable price reaction). It usually takes 2 red lines pumps with green and white at the bottom before starting a true new sustainable bullish cycle pump.
Comment:
This is another simply representation of what we could expect.

- Macro higher low end of year (with some small pumps in between)
- Up first half of 2024
- Down second half of 2024+2025 (with some small pumps in between)
- Macro lower low end of 2025
- Up


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