Bitcoin Halving/Log Curve/Elliot Wave
Updated
Bitcoin Halving/Log Curve/Ellito Wave
We notice that once log curve is broken
sideways begins and drops after 10months from
logcurve breakdown, for the past 10years bitcoin is
still doing the bearish and bullish pattern,
so this 2022 the drop begins around
december 2021 were also FEDS was too hawkish about inflation
that affects the global market and specially in crypto currencies,
if we look at the past breakdowns we can tell
bitcoin is doing the bearish sideways were it could last for
8-10months before the drops begins and this
2022 bitcoin can reach the bottom on october 2022 and it could be
somewhere 20k or worst case scenario 11k (we dont like this i think
20k is a good number)
so after the bottom whats gonna happen?
bitcoin will enter on the long bullrun
were it could last for 34months before reaching the peak
and thats on august 2025 and we use our elliot waves
that the wave5 of monthly cycle,
so right now we should carefully look at this sideways since
FEDS is very hawkish about the interest rates to kill the inflation,
it will affect the global market once this rates is keep rising.
over all im bearish for bitcoin unless
feds put back the rates to 0 again then were going to
bullmarket easily, too much weight as of now for
global markets i think the bounce we see is just a
relief rallies were whales is selling there remaining
coins or shares to stocks and cryptos.
i hope this charts helps you to know were
global market is going, i hope you protect your
capital dont loose it because after the winter
theirs always a summer were everything is hot.
We notice that once log curve is broken
sideways begins and drops after 10months from
logcurve breakdown, for the past 10years bitcoin is
still doing the bearish and bullish pattern,
so this 2022 the drop begins around
december 2021 were also FEDS was too hawkish about inflation
that affects the global market and specially in crypto currencies,
if we look at the past breakdowns we can tell
bitcoin is doing the bearish sideways were it could last for
8-10months before the drops begins and this
2022 bitcoin can reach the bottom on october 2022 and it could be
somewhere 20k or worst case scenario 11k (we dont like this i think
20k is a good number)
so after the bottom whats gonna happen?
bitcoin will enter on the long bullrun
were it could last for 34months before reaching the peak
and thats on august 2025 and we use our elliot waves
that the wave5 of monthly cycle,
so right now we should carefully look at this sideways since
FEDS is very hawkish about the interest rates to kill the inflation,
it will affect the global market once this rates is keep rising.
over all im bearish for bitcoin unless
feds put back the rates to 0 again then were going to
bullmarket easily, too much weight as of now for
global markets i think the bounce we see is just a
relief rallies were whales is selling there remaining
coins or shares to stocks and cryptos.
i hope this charts helps you to know were
global market is going, i hope you protect your
capital dont loose it because after the winter
theirs always a summer were everything is hot.
Note
Next Halving is on May 04, 2024check the green lines
Note
Purple is bottomNote
Red is TOPNote
almost there either 20k or 10k 17k+
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