Bitcoin Enter Multiyear Bear Phase

2022年5月11日

With recent failure at $29318, Bitcoin has undergone major invalidation to its macro wave pattern. Seemingly invalidating its impulsive form, I believe the King of Crypto is due to form a big wedge/diagonal/wyckoff pattern over the next number of years. Considering the ultra aggressive drop cycle we've all witnessed, I believe Bitcoin to also be in yet another more micro version of a diagonal move was well.

With 3 big waves stretching down from 68K > 28K, we could see a sizeable return to the range of $50-55K as a Wave 2 correction.
Denial at this level would prove as confirmation (imo) to the yearslong downside cycle.

I guess its time to see how Alt Season really operates.
Also interested to see how this affects Bitcoin's dominance on the market.

2022年5月15日

交易進行

last leg down in Wave 1 pending --

2022年5月28日

註釋

Bitcoin has more pump and a dump towards 23K in store before this macro pattern kicks into gear.

2022年6月2日

註釋

2022年6月8日

取消訂單

portions of this macro perspective are incorrect based on reassessment.

will regenerate long term ideas.
see DSTC for more timely updates.

2022年7月23日

註釋

multi year bear not ready.