BTC: beware alt count that takes us much lower to low/mid $30s
While we remain bullish - longer term - on bitcoin we are tracking a bearish count that takes us much lower before the next leg higher in BTC to $100K+ Simple elliott wave chart that shows at a high level the possibility.
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wow.. didnt think that would happen quite so soon. not sure the carnage is done though we technically do have a completed pattern to the downside in this scenario.
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Don't forget this thesis - for which we were roundly ridiculed:
crypto winter may have arrived - just like 2017.
crypto winter may have arrived - just like 2017.
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Odds are increasing significantly - IMO - that we will be taking a trip down to the mid 30s before this is over.
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increasingly likely that BTC has bottomed and it's rally time folks.