TheBitcoinChart

Everyone May Get What They Want But More Then They Bargained For

INDEX:BTCUSD   Bitcoin
My primary idea for Bitcoin is that there is a 3 wave move down from the top (W) and a connecting (abc) wave for (X) Which may end between 45K to 55K sometime over the summer. After this move finishes, I am then looking for a partner leg down in 3 waves for a (Y) This move is commonly known as a one to one correction. This common correction takes place on all time frames all of the time and It looks like it is likely to happen here. And if you take some time to think about it, this would make a lot of sense. Bitcoin would give everyone a chance to buy at the levels they have been waiting for. The only problem for the buyers is that the target of this move is between 3500 to 1500 dollars. These are price levels most cannot imagine but there are many reasons to go that low. For example, the macro POC is at 1432. The base channel from 2013 comes in around 1600. And Bitcoin is attracted to its base channel like a magnet during 4th waves. And it so happens that this is the macro wave we are in. I'm posting this on twitter in hopes that others may see this and ask themselves ''What Is The Risk'' Is it risky to buy on the way down during the next major correction later this year. I would be very careful until March 2024. Have a plan just incase we see a 1500 dollar Bitcoin. It would be a great buy but few would be in a position to capitalize on it. Once this macro 4th wave finishes I see 150K as the top of the macro 5th wave. That is based on a fib extension from the 1-2 back in 2013. Bitcoin is young and a move like this can happen. Don't wear bull glasses and don't panic if price gets down deep. Have a plan. Be mentally prepared for whatever comes. Many will get rekted. Use a hardware wallet. Do not keep your funds in stable coins or on an exchange. These are likely to collapse. Take some time and think about what would have to happen if Bitcoin touched 1500. Does tether final collapse? Most shitcoins would be gone. Which exchanges would collapse? What would this potential FLUSH look like? Something to think about. Also I don't know what is going to happen but I always know my risk. Or I know it as best as I can. Anything can happen at anytime but what is LIKELY to happen.

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