Bitcoin Ultimate Bear Marked Prediction
The only pattern i can find and make most sense of is the falling wedge. The white lines on the chart is the where i think its most support or resistant is right now. One of the white support lines dates all way back to 2017 and 2019 and acted as support and resistant, and are the only thing stopping btc too 17k right now. A really historic line that i think will be broken. (Every line is 100% correct as i have used two coordinates per line and exact on the wick.)
The lines for the falling wedge may get moved over time because as we all now the macro economic is bad and going to be badder. S&P 500 from 2007 house marked crash took from top to bottom 510 days.I think this bear marked gone be a little bit longer and i think the bottom is between 10-12k. The marked will turn when inflation is going SIGNIFICANTLY DOWN. The economy need to be super super bad if we go below that. So i think we will get our bottom in mid 2023. I am full cash around 40k and gone go mayhem when I feel the marked has bottomed.
PS. Wrote this in a hurry
The lines for the falling wedge may get moved over time because as we all now the macro economic is bad and going to be badder. S&P 500 from 2007 house marked crash took from top to bottom 510 days.I think this bear marked gone be a little bit longer and i think the bottom is between 10-12k. The marked will turn when inflation is going SIGNIFICANTLY DOWN. The economy need to be super super bad if we go below that. So i think we will get our bottom in mid 2023. I am full cash around 40k and gone go mayhem when I feel the marked has bottomed.
PS. Wrote this in a hurry
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