We talked before about the global market and that a huge collapse will happen and we specified the SPX500 chart.
The question here, Will Bitcoin follow??!!
We can see an obvious correlation between the equity market and Bitcoin chart so IT IS LIKELY!
EWT ASSUMPTIONS:
1- Primary Wave 5 Completed with the recent ATH
2- Drop to Previous Wave 4 less a degree ($1.2K/$2.5K)
3- Starting a new cycle that could take the price to >$500k
Limitations:
The only disadvantage I have in this count is that the triangle I have in Wave 4 could be interpreted as Wave 1 and Wave 2 (Instead of Wave B and C) on an Intermediate Degree and so that would mean BTC will push higher to $150k!
GOODLUCK!
The question here, Will Bitcoin follow??!!
We can see an obvious correlation between the equity market and Bitcoin chart so IT IS LIKELY!
EWT ASSUMPTIONS:
1- Primary Wave 5 Completed with the recent ATH
2- Drop to Previous Wave 4 less a degree ($1.2K/$2.5K)
3- Starting a new cycle that could take the price to >$500k
Limitations:
The only disadvantage I have in this count is that the triangle I have in Wave 4 could be interpreted as Wave 1 and Wave 2 (Instead of Wave B and C) on an Intermediate Degree and so that would mean BTC will push higher to $150k!
GOODLUCK!
Comment:
Bullish scenario in case any bulls here :)
Comment:
SPX500
Comment:
ETH Bearish View
