🅱️ (₿) Bitcoin Path To $48K | Elliot Wave & Nature's Law

١٩ يناير ٢٠٢٣

Keeping it simple, here is the path to $48,000 based on the weekly timeframe and a bullish Q1 and Q2.

Many signals are pointing to this scenario now becoming the most likely...

What do you think?

One final note... The sentiment, the market sentiment is really, really bad.

The level of negativity we are seeing and experiencing is not something we've seen before in 10 years in Crypto... This is good news.

It is actually a characteristic of a market bottom to have such negative sentiment, in fact, you cannot have a market bottom if people are joyful and happy, that would indicate a different market phase.

Only after Bitcoin goes back above $28,000 or even $30,000 will some people snap out of it.

Many people will carry the frustration for years to come.

Just remember how you felt when you bought at the top and the low/bottom was hit... No way, we would say... Bitcoin went from $3,500 to $10,000+ and still we were not conscious that things would change for the better for years to come.

It is nobody's fault... It is called market psychology, herd mentality.

Only with experience or being prepared before-hand can one go through a bear market and remain psychologically unscratched, the rest, they have to go through the same cycle we've been through before.

We understand... It is not easy but we are ready to see bitcoin going up and we are ready to be happy about it, to be grateful and at the same time enjoy.

The others can join us whenever they want but we know what we are doing... Bitcoin is going up.

Ok... But what happens if bitcoin goes down?

It has been going down since November 2021.
The orthodox top is April 2021... Just think long-term.

The period between April 2021 and November 2022 is a classic flat correction based on EW Theory.



The bullish wave from March 2020 to April 2021 lasted only 13 months, you do not need two years to correct 13 months, this bear market is over-extended.

Anyway, you can calculate the top in November if you like and you would still have 14 months of correction/bear market, longer than the initial bull-market.

Anything that needs to be corrected, FTX, scam companies, weak hands, etc., has been corrected.

That's what this period is for.

After the bad hands are removed... The market can continue within its normal growth path and follow Nature's Law.

Ok... What happens if bitcoin crashes and hits a new low.

Just think long-term... Adapt to market conditions, buy the dip and continue accumulating as much as you can.

Namaste.