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bitcoin | crypto | macro | elliott wave

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People forget how bad 2022 was. How many entities collapsed. It was the worst bear market in history, not for the depth of the correction but for the damage it did to the industry. It's silly to me that people use it as a fractal for price today, that we must follow it again. But it is healing, maturing, and will come back stronger than ever before.

I don't think it's crazy to think that Bitcoin might test the 200 week sma and print a wick down there. Double bottom. There's always the chance and we have to be open to pretty much anything in the short term, this is crypto remember. I'd give it maybe 30% probability, because my bias is currently higher, but it's all this 30k stuff I keep seeing that I can't get my head around. Do people pushing those numbers realise how many long term supports would have to break to get down there? 30k is the SIX HUNDRED WEEK sma! Bitcoin went below the 300, marginally, for 9 weeks, once in its entire history.

I don't think it's crazy to think that Bitcoin might test the 200 sma and print a wick down there. Double bottom. There's always the chance and we have to be open to pretty much anything in the short term, this is crypto remember. I'd give it maybe 30% probability, because my bias is currently higher, but it's all this 30k stuff I keep seeing that I can't get my head around. Do people pushing those numbers realise how many long term supports would have to break to get down there? 30k is the SIX HUNDRED WEEK sma! Bitcoin went below the 300, marginally, for 9 weeks, once in its entire history.

Altcoin dominance is teasing a run to the upside.

DN16 | Secular Waves | Evaluating the business cycle expansion, Bitcoin's long-term technicals and multi-cycle Elliott Wave structure, and the structural signs of life across the broader crypto market.

Altcoin Outperformance is coming. No one believes it, but the signs are there.

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