The abcde triangle forming wave 4 is nearing its end. A last downmove (e) to 8000-8500 USD is probable. Afterwards the price will explode upwards and never see this area again.
Note the crossing of the three blue trendlines designing the bottom for c. Now the three red lines signal a bottom for e.
The end of wave e corresponds to a 62% retracement of the whole bullrun since 2015. This is more typical for a wave 2, but the typical triangle formation points to a wave 4. We'll see.
Note the crossing of the three blue trendlines designing the bottom for c. Now the three red lines signal a bottom for e.
The end of wave e corresponds to a 62% retracement of the whole bullrun since 2015. This is more typical for a wave 2, but the typical triangle formation points to a wave 4. We'll see.