BTC might make a slightly higher ATH before going to new lows (1-3k).
I know all the FOMO moonboys are rolling their eyes right now but if you're someone who's not fucking retarded and doesn't want to get absolutely rekt beyond belief then consider what I'm about to explain. I am not a permabear, I'm just a realist, first I was open to 15k to being a bottom, then 7-9k, but now 1-3k seems more likely, because it seems so unlikely to the average person.
Understand this, you are ALL so fucking predictable, which is why the market makers take their money from you, it's so easy to just imagine every single narrative that will play out, it's as clear as day. Just think about it for a minute, the market makers want YOU--OUT, both bulls AND bears, you really think they're just going to let 50% of the fucking braindead mouthbreathing NEETs in the crypto space staring at their monitor all night in their moms basement to all become multi-millionares or billionaires just because they took a YOLO leveraged position at what they and millions of other people thought was the bottom? OBVIOUSLY NOT YOU RETARD. HALF A BILLION PEOPLE ARE INVESTED IN CRYPTO, AT LEAST HALF OF THOSE ARE BULLISH. All the bears who thought we'd top out at 32k were wrong, and all the bulls who think we're going straight to 250k after we touch 70k are also wrong.
I'm going to share with you 2 charts, first one's just some elliot wave counts, which I think is really obvious from the macro perspective. This is the monthly chart on the log scale, we've completed a 5 wave move up and are now in a 5 wave correction (bear market) to the downside. We are in the middle of wave C of an ABCDE correction in a descending broadening wedge.