Path 1: Running Continuation Path 2: Full 20% correction, like January 2024
The bottom is mostly in and all there is to do is wait for the macro clouds to pass.
Either way we should get a leg up here -- but what happens on the pullback probably depends on the July inflation CPI print.
This is the dark timeline where all rips are sold and we head directly to 3200-3500.
The situation is ripe for a multi month bear market rally. This is what the most optimistic ABC could look like - which would probably require some good macro news along the way, like a nice inflation print in July or signs of peace in the Ukraine war.
If this was the bottom, this is what I'd like to see unfold.
Do you think they're going to just let you get on the moon rocket? No, there's always a required hazing period. The only question is will a dunk under 30k be enough, or will it touch $1X,XXX.
Bitcoin completes a measured move to $150k this summer.
The measured move for this range takes us to $150k. *If* we top in the next few months, that also aligns with the log-log upper trendline and the 1.44 log-fib extension. But first, we need to reclaim 53k in Dec/Jan or this is off the table.
This is a guess at how we might get to 150k by summer 2022. A few weeks of chop, and then the market shifts into second gear as 2022 begins.
Just a hunch ;) How Bitcoin gets to $500k+ while rekting popular analysts in the process.
The first monthly close below the floor invalidates S2F, according to PlanB's public comments on invalidation.
WKHS didn't get the USPS contract, so all the Youtube kids are getting shaken out... But Cathie Wood is still buying.
New ETF available that tracks all of the life sciences companies involved in psychedelics. Shrooms will transform mental health this decade.
If we are indeed at the equivalent spot as July/Aug '17, which there is plenty of evidence we are, then the ETHBTC ratio may have peaked already for this cycle.
Not sure how big, definitely not as big as March.
We just had the first major bull market correction. What happens next may rhyme with what happened in 2017.