$BTC Mid Term Corrective Structure

The Chart details the way that I see BTC playing out over the next several weeks to months. While I do not have as lofty a target as many, I do believe the lows are in. However, with any large draw down we now have to have time to consolidate and form a Bottom that will then take us out of here to the next level, and ultimately the ATH of this cycle. The important take away are that I do believe we rally shorter term, but that rally will be short lived and end up failing somewhere between the .5 & .618 Fib level (NOTE: Fib from prior peak to current 30K Low). Once the we correct, I believe we will form a Higher low. Once we get our bottom structure, my best guess is we make another attempt at our prior levels north of 50K and simply consolidate before making our final ascent to our Final Blow off phase and make an ATH.
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