Bitcoin Enter Multiyear Bear Phase

١١ مايو ٢٠٢٢

With recent failure at $29318, Bitcoin has undergone major invalidation to its macro wave pattern. Seemingly invalidating its impulsive form, I believe the King of Crypto is due to form a big wedge/diagonal/wyckoff pattern over the next number of years. Considering the ultra aggressive drop cycle we've all witnessed, I believe Bitcoin to also be in yet another more micro version of a diagonal move was well.

With 3 big waves stretching down from $68K > $28K, we could see a sizeable return to the range of $50-$55K as a Wave 2 correction.
Denial at this level would prove as confirmation (imo) to the yearslong downside cycle.

I guess its time to see how Alt Season really operates.
Also interested to see how this affects Bitcoin's dominance on the market.

١٥ مايو ٢٠٢٢

تم فتح الصفقة

last leg down in Wave 1 pending --

٢٨ مايو ٢٠٢٢

ملاحظة

Bitcoin has more pump and a dump towards $23K in store before this macro pattern kicks into gear.

٢ يونيو ٢٠٢٢

ملاحظة

٨ يونيو ٢٠٢٢

تم حذف الأمر

portions of this macro perspective are incorrect based on reassessment.

will regenerate long term ideas.
see DSTC for more timely updates.

٢٣ يوليو ٢٠٢٢

ملاحظة

multi year bear not ready.