24 May 2021 ● 04:18 AM
This one is for the Bitcoin Hodlers, if wave C is complete what is going on. When BTC made a low of 30261 on the 19th of May and then closed positive the daily chart shows wave C as complete in 5 waves and so as long as this low holds its a bottom. The recent volatility is the formation of a base or bottom pattern, more often than not it is a triangle. Triangles are marked ABCDE and wave D and E are pending in one up move toward 39000 and one retest of the lower line again near 31400. Once the triangle completes 5 waves we should see a more impulsive advance to the upside.