Bitcoin Elliot Wave Count

Pump for Bitcoin Spot ETF and Havling in Fall 2023.
Top around March/April 2024.
Failed Halving Pump.
Bad economic climate in 2024.
Liquidity Event.
Recession in Fall 2024.
Crash to sub 10K.
Bottom sometime in Fall 2025.

노트

Trade still in play

액티브 트레이드

Now it's time to short pumps.

액티브 트레이드

I'm no permabull or permabear.

Sold everything on March 14 including my long term HODL positions.

Going forward I'm bearish: Cryptos and Stocks. Right now I only have my trading account looking for SHORT setups.

My thesis is a recession is coming Q2 2024 and I rather be early.

액티브 트레이드

Study:
3 peaks and a Domed House pattern. The domed house is definetely definitely for Bitcoin on the daily candle.

액티브 트레이드

The Domed house looks like it got formed on the April 30 dump.

This means going forward it's DOWN ONLY.

노트

I'm short term, mid term and long term bearish.

액티브 트레이드

Added some shorts at $63.5K. No leverage. 3 months hold. 1X. No stop loss.

액티브 트레이드

Pump for Bitcoin Spot ETF and Havling in Fall 2023. DONE
Top around March/April 2024. DONE
Failed Halving Pump. DONE
Bad economic climate in 2024. DONE
Liquidity Event. DONE
Recession in Fall 2024. TBD
Crash to sub 10K. TBD
Bottom sometime in Fall 2025. TBD

액티브 트레이드

Closed my shorts at 63.5K in profit last week. Lock in those profits.

The FED cut rates by 50bps which is short term bullish (3-6months) but long term (1-2 years) Bearish.

I believe bitcoin will do something like this.

So I'm actually short term Bullish Bitcoin until the US election on November 5