Its been a while since my last BTC thread as nothing much has been happening so I’ve been in crypto hibernation.

But after a couple of month there’s been some movement with this weekly candle about to print.

BTC has fallen out of the ascending channel which was a clear 3 wave upward move that topped exactly at 0.5 retracement.

Now since C the dominant trend is returning to the downside and this will probably be a large wave down to match Nov – Jan W wave.

And this should take BTC down into the lower 20s with a 1:1 @23K – with a little overshoot it will hit my long term target of 20K where there is 2017 top support and that should attract price if it gets close.

I first said BTC would hit 20K in March 2021 which didnt go down very well with some hodlers. I wonder how many will turn up when BTC finally gets there.

And when it does I will become interested in crpto again. It could go down further of course, but that is the time I’ll be having a sip of coffee .

See you @ 20K! 😄

Not advice.