Bitcoin

BTC Wave 1 or not?

Was this big Wave 1 (those 5EW) and now we can get a correction 3 wave abc up (should be wave 2)
That means around 37600 should be the temporary bottom. wave 2 would be perfect to reload the RSI
BTW i can draw this on the chart but that would be not clear for some people, to much stuff on the chart. Meaning Wave 1 (5EW), after wave 2 (3ABC), then wave 3 (again 5EW), wave 4 (3ABC) and final wave 5 (last 5EW)
Question is will it hold the 37600 support?
if not, the next support will be around 35500 dollar or even 30000dollar, really really bad news for the altcoins if if...
Because there should be news that Russia will ban crypto and also Sweden doesn't like btc because of the consumption of the electricity,....
So a lot of the news is negative
The target from the h&s on this chart is around 25000dollars (200EMA)on the longer term
A lot is depending from the stock markets and DXY.
On the end i believe btc will end up much lower. it will take time but believe we're heading to the 200WMA or even 300WMA.
Again this will take time. Maybe the real bottom for BTC

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