Bears Prepare to Exit Hibernation Near Bitcoin's $75K ATH

My mid-macro Elliott Wave game deserves a little more work, I must admit. Better yet, maybe it'd be better to focus on more 'macro' sized moves rather than the more short termed waves. Either way, there's still profits be made!

I suspected $65K would be the catalyst for a drop to $55K BEFORE we'd see $75,000 however, that turned out to be wrong.

Mid-macro target ($55K/dead)
Macro target ($75K/pending)
Corrective Bear target ($31-$35K/pending)

At this point, buying above the mid $30K range is not a smart money move imho. $35K cometh; #btfd.

Kommentera:

presently, we are likely in a flat correction (red wave) and have not entered Wave 5 of the C wave yet.