Bitcoin looks to find more upside action as the Ending Diagonal pattern begins to take form. A completon of this pattern solidifies the anticipated, sharp return towards $18K. $12K and below have been off the table for weeks now. Support near $18K would confirm this theory.
Comment:
Instead of the Extending/Ending Diagonal, the Contracting/Ending Diagonal is also looking like a prime option. Obviously a 50/50 chance between the two but the smaller than expected movements in Wave 3 seem to suggest that this diagonal will contract instead of expand. We'll see, will update.
Comment:
Contracting Diagonal appears much more likely than an Extending one.
Comment:
BTC has dropped deeper than expected however, this should not change the outcome of the current fratacl.
Comment:
$18K is coming sooner than expected...
Comment:
Could be due for a move to $23K before smashing down towards $21K.
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