i don't generally share public posts on bitcoin as these are 99% of the time always private, but i was intuitively inclined to share this one, as we reach the end of a significant trend.
consider this a christmas present from an entity which goes by many names in this cold world.
before you read any further,,,
check out pt.1, and pt.2 of the "sit by myself talking to the moon 🌙" series:
pt1 (august 2022)
pt2 (dec 2022)
50k update (sept 2023)
---
now that you're all caught up,
let's talk about this.
btc descended from 68k, which we called the top of, and ended up coming down in "5 waves". in elliott wave theory, "5 waves down" is either "the beginning", or "the end of something".
in this case, it was merely the beginning.
from the lows of 15k, which we also called out, bitcoin ended up coming up in a perfect simple zig-zag, only to confirm and validate a flawless hidden bearish divergence on a weekly timeframe --> which in turn concludes a trend which many assume is "the beginning of the next great bull run".
---
here's what happens from here, to anyone who is still reading:
bitcoin will turn down very aggressively into 2024, and it will drop 75-90% where a long term bottom will be created. once this bottom has been attained, we will indeed begin "the next great bull run".
✌
consider this a christmas present from an entity which goes by many names in this cold world.
before you read any further,,,
check out pt.1, and pt.2 of the "sit by myself talking to the moon 🌙" series:
pt1 (august 2022)
pt2 (dec 2022)
50k update (sept 2023)
---
now that you're all caught up,
let's talk about this.
btc descended from 68k, which we called the top of, and ended up coming down in "5 waves". in elliott wave theory, "5 waves down" is either "the beginning", or "the end of something".
in this case, it was merely the beginning.
from the lows of 15k, which we also called out, bitcoin ended up coming up in a perfect simple zig-zag, only to confirm and validate a flawless hidden bearish divergence on a weekly timeframe --> which in turn concludes a trend which many assume is "the beginning of the next great bull run".
---
here's what happens from here, to anyone who is still reading:
bitcoin will turn down very aggressively into 2024, and it will drop 75-90% where a long term bottom will be created. once this bottom has been attained, we will indeed begin "the next great bull run".
✌
