Full Disclosure: Noob The length between the ATH (start of Wave 1) and the end of Wave 2 are practically perfect, as well as the end of Wave 1 to Wave 3. In a perfect world, based on these perfect cycle lengths, Wave 4 would suggest a retrace to 32k by mid August... and if it stays below 32k (below Wave 1), Wave 5 would extend thru October into November. But...
Looks like GME has been falling down a descending channel. Let's see if I can catch this tiny reversal to 105!
We're in a near perfect ascending channel, makes me wonder if we're headed towards new ATH. Guess we'll have to wait and see 😉
When in doubt, Zoom Out! Notes on Bitcoin: -We're still in an overall uptrend, hitting higher-lows. -Institutional adoption helped carry us to nearly 70k. -Since COVID, investors continued to pump it and take profits. -Evergrande will be the deciding factor whether we break below all the support it still has. -Inflation slowed the growth, trapped us in a...