19 May 2021 ● 03:39 AM
Now let me admit that yesterday's post on Bitcoin was preemptive, looking at the strong open I thought maybe wave C is complete, but we needed that final confirmation with an actual positive close. End of the day we did not get that because prices gave up. So I go to the hourly chart to see if we can get to the end of the 5th wave, and we are now in the late stages of the decline, as wave v of 5 down unfolds. We are now at the lower end of the reverse channel on the daily chart. We should wait and watch for the reversal to happen with an actual positive closing.