BITCOIN GRAND SUPERCYCLE- FULL INDICATOR STACK
On this form of the chart, you can see how we have a rising wedge that has the potential to bring us as low as 14k. We tested the inverse .618 golden pocket of the entire elliot wave standard cycle which was just completed at the golden pocket, which is also the golden pocket of the GRAND SUPERCYCLE as well as an inverse head and shoulders from the current bear market bottom AND the monthly 200 EMA. Any lower here, and it is likely sayonara, because that makes this rising wedge NOT a leading diagonal, becoming an ending diagonal, and it means the current supercycle could technically still be corrective. If that were the case, we have the potential to still see some very bearish targets. If 19,750k was never lost, however, The Grand Supercycle wave 1 and 2 remains valid, just that wave 2 may retrace a lot deeper than we expect. This is easily the sketchiest i have seen these markets since I began watching them. Be careful out there, my friends. Mad love and respect. May all the bags PAMP. Even if they're shorts ;)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.