You are not going to like todays content of my post, but EW-Theory is clear on this one.

We need to defend the 30k line or face another huge drop.

Update: If we see a WXY pattern with a fakeout, then no huge drop is needed. I did not think about this count when when I initially posted this... Now it is the main count.

The target range for the drop is 25k-2k. (a wide range, I know, but we can't rule out the super cycle)

Yes, 2k is possible in a super cycle wave 2 scenario... The 2% chance of this happening has now increased to approx 10% after eliminating some alternatives.

Are you scared yet? I will HODL to the death of Bitcoin if necessary. That is because if Bitcoin fails, humanity is doomed... I'll do my part and HODL. I hope most of the 1 Million Bitcoiners around the world will do the same...

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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