Bitcoin has been on a massive bull run for a few months. However I believe we are towards the end of our Minor Wave 1. What I expect to see is a Bullish Ending Diagonal before any major correction downwards.
In this situation, an Ending Diagonal with a Divergence in the Awesome Oscillator would indicate that buying power is starting to diminish and possibly followed by some major retracements.
Hence expectations are for price to go upwards in the channel to complete the Ending Diagona. The leg C of that ending Diagonal would be around 74K-75K. After that we may see a retracement and another push up to complete its Wave D and Wave E.
In this situation, an Ending Diagonal with a Divergence in the Awesome Oscillator would indicate that buying power is starting to diminish and possibly followed by some major retracements.
Hence expectations are for price to go upwards in the channel to complete the Ending Diagona. The leg C of that ending Diagonal would be around 74K-75K. After that we may see a retracement and another push up to complete its Wave D and Wave E.