📊 Bitcoin Market Analysis 📊
🔸 If Diametric concluded at Wave-G, the minimum time for wave-x is 1/3 that of Diametric (small green rectangle).
🔸 The absolute minimum downside target for wave-x would be below the low of Wave-F, but the final bottom of wave-x could push Bitcoin (shockingly) below $1000. 😱
🔸 In early January, I wrote:
".... BITCOIN will continue to drift or rally for the next year or so as Public ETFs and other trading vehicles allow the public to buy in at the top." 📈
🔸 The decline off this year's high is large enough to suggest wave-b is over. If so, the best way to keep the structure near the middle of a pattern is to assume wave-x is forming a triangle.
🔸 Wave-c must break $10,000 this decade to keep this scenario alive. 🚀
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