Btc 5-23 update
Updated
good afternoon;
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btc looks to be playing out a double combo in this general region.
a double combo is a series of three wave moves which are labeled as a w-x-y.
each leg in a double combo consists of either an abc, or a wxy. (it could also contain a triangle, but they're a bit more rare).
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i'd be expecting a 3 wave move which takes btc down to around 27.8k to complete wave (x)
followed by another 3 wave move which takes us up to 33k to complete wave (y)
after which, i do believe it falls off a cliff again.
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the new moon lands on may 30th this month;
historically speaking, the new moons have called every single top in this bear market to date.
it may have missed one, so 95% accuracy thus far.
👇
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ps. it's also possible btc simply just dumps it from here, so watch the reaction from the level on my chart. if it starts flipping it to resistance, watch for a move down to around 24k - as talked about in my previous post:
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btc looks to be playing out a double combo in this general region.
a double combo is a series of three wave moves which are labeled as a w-x-y.
each leg in a double combo consists of either an abc, or a wxy. (it could also contain a triangle, but they're a bit more rare).
---
i'd be expecting a 3 wave move which takes btc down to around 27.8k to complete wave (x)
followed by another 3 wave move which takes us up to 33k to complete wave (y)
after which, i do believe it falls off a cliff again.
---
the new moon lands on may 30th this month;
historically speaking, the new moons have called every single top in this bear market to date.
it may have missed one, so 95% accuracy thus far.
👇
---
ps. it's also possible btc simply just dumps it from here, so watch the reaction from the level on my chart. if it starts flipping it to resistance, watch for a move down to around 24k - as talked about in my previous post:
Note
zooming out a bit, here's what i'm working with
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