Bitcoin ready for a last wave down
Bitcoin has been in a channel since the move down from 10k. According to this count we're going to see low 4k prices. However, this count is in conflict with the EW theory that wave 3 is most often the longest but never the shortest. So maybe the count is wrong and I'm missing something, but I'm definitely convinced we're going to see at least 5200. The panic at that point will probably decide what the price is going to do.
The market structure is at 6k. So the longer we stay below 6k the more bearish this is going to be. If we stay there for a very short period and move up quickly it wil be fine. If we stay there longer then the real bear market has probably started.
Wave 1 up & down: 1982 - 660
Wave 2 up & down: 1552 - 660
Wave 3 up & down: 1597 - 650
Wave 4 up & down: 1000 - 871
The market structure is at 6k. So the longer we stay below 6k the more bearish this is going to be. If we stay there for a very short period and move up quickly it wil be fine. If we stay there longer then the real bear market has probably started.
Wave 1 up & down: 1982 - 660
Wave 2 up & down: 1552 - 660
Wave 3 up & down: 1597 - 650
Wave 4 up & down: 1000 - 871
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