Last leg of correction coming for a bottom around mid 2023
Then 2 year bull run leading the the ATH around Spring 2025 in this massive macro channel (might be acting as macro accumulation before "Super Cycle" afterwards...? same narrative at least will fuel this bull run with massive adoption coming)
We are now at LTF 3 big support :
- Trend line support
- Support on 8 Months Falling Wedge
- 3D RSI oversold => Last time RSI on 3D was oversold was... at the bottom of last cycle
A potential wike should only last a couple of days under si
Triangle consolidations are made of a serie of 5 consecutive abc 3 waves
Aside from the possibility of a Running Ascending Triangle presented here
Expanding Symmetrical Triangle might be playing out, with a Target capitulation e wave : 27k (also invalidation level)
Triangle consolidations are made of a serie of 5 consecutive abc 3 waves
Already 3 clear abc so far
2 reamaining ?
Easy unconfirmation level => 28k
Other possibility : Expanding Symmetrical Triangle presented here
Now that ABC correction is complete, wave 1 of new cycle underway.
Wave 2 starting from old ATH resistance to support, then wave 3 likely to break out sometime this summer
Wave 4 correction will come back and test old ATH as new support, before final wave 5 until end of 2021.
"2020-2021 is the new 2017-2018"
