We are currently in a wave 1 or 3 or c towards $24700.

If we see weakness, we might not reach that target, but I don't expect an immediate drop from current levels.

The low for BTC could be in at $17600, but i don't think that is the case, as a deep depression is about to hit Europe, China and the USA in Q4 2022. These are the worst macro conditions since the great depression in the 1930's. It would be a miracle if BTC could stay above 20k in this scenario.

EXPECT THE WORST! And hope that the HODLers won't need any cash in what will probably be the worst economic downturn of our lifetime... Buckle up bitches, this is going to be interesting...

Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

Please consider leaving a comment, like or rehive, if this post entertained you or helped you see things differently...

Have a nice day :-)

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