"the bull-ish case".
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i'll be 100% honest with you,
both of these cases are bullish.
once this correction is completed, btc will go into the hundreds of thousands, if not millions into the years ahead.
the real challenge, is figuring out the path it takes to complete the current primary corrective wave.
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this case implies that bitcoin has completed a simple zig-zag (labeled as wave w)
which would mean that we're in a phase of accumulation right now, getting ready for a move up into the x wave.
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the next 2 weeks in the market will give us a very conclusive picture as to what comes next.
by the end of this month i'll be able to eliminate one of these scenarios, and play the one which is remaining.
patience is 🔑.
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the upside target for this x wave sits anywhere between 34~42k, but it would most likely take awhile to get there - in a very corrective \ choppy manner.
the final push down would go to about 6k into late 2023 (which would be my primary target for this particular scenario).
both of these cases are bullish.
once this correction is completed, btc will go into the hundreds of thousands, if not millions into the years ahead.
the real challenge, is figuring out the path it takes to complete the current primary corrective wave.
---
this case implies that bitcoin has completed a simple zig-zag (labeled as wave w)
which would mean that we're in a phase of accumulation right now, getting ready for a move up into the x wave.
---
the next 2 weeks in the market will give us a very conclusive picture as to what comes next.
by the end of this month i'll be able to eliminate one of these scenarios, and play the one which is remaining.
patience is 🔑.
---
the upside target for this x wave sits anywhere between 34~42k, but it would most likely take awhile to get there - in a very corrective \ choppy manner.
the final push down would go to about 6k into late 2023 (which would be my primary target for this particular scenario).
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