BTC - which path will it take? correct or symmetrical triangle

14 apr 2018

I've been convincing myself that a small correction is most inevitable especially when looking at the 4hr RSI... super overbought just yesterday. I think we are in a wave 4 of this current BTC movement. We are now back in the 8000s, barely, and I can also see potential triangle formation with 3,3,3,3,3 style ABCDE movement. This could all be irrelevant because if we get to E of a potential symmetrical triangle, it can still break down to test the upper trend line in the 7500s. Just seems to overbought to go higher at this point in time