BTC Could Drop On Macro Capitulation (Elliott Wave)

So far the bounce off of what I had previously marked wave-c has been very weak and given no confirmation that wave-c is completed. That means wave-c is likely going to take longer and go lower. The later time target for wave-c is around the middle of June and it will probably go as low 30k-22k. This will likely be accompanied by a global macro correction as interest rates increase and the bond market continues its collapse.

After this capitulation wave I suspect we'll see a quick recovery back to around the previous all time highs.

Zlecenie zamknięto ręcznie:

Taking profit on shorts here is probably a good idea, it's only dropped about $1000 from where I posted this chart but this stinks of a bear trap.

I'm not eliminating this possibility but it does seem bullish here, especially TRX which seems extremely bullish on USDD fundamentals as well as on the TRXBTC charts

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Hit my time target dead on and very close to the lower price target.