BTC Wave 4 (of C of II) Expanding Triangle Over: Price Drop ASAP
The end is nigh! Just kidding. Final price drop in the works before new ATH.
As per my drawing, looks like Wave 4 (of C of II) expressed itself as an expanding triangle and may have completed its retrace to exactly 50% of Wave 3 (of C of II)
If so, expect price to drop catastrophically to complete Wave 5 (of C of II) to $120-$60 range before we can begin Wave III to new All Time Highs of $2000+ starting next year.
Footnote: The boxes on the right (outlined in green) are the running wave count which I use to keep track of where we are using "anchor texts" so they never move. There are 6 more wave levels not shown in the running wave count to keep things simple but are visible on shorter time frames.
As per my drawing, looks like Wave 4 (of C of II) expressed itself as an expanding triangle and may have completed its retrace to exactly 50% of Wave 3 (of C of II)
If so, expect price to drop catastrophically to complete Wave 5 (of C of II) to $120-$60 range before we can begin Wave III to new All Time Highs of $2000+ starting next year.
Footnote: The boxes on the right (outlined in green) are the running wave count which I use to keep track of where we are using "anchor texts" so they never move. There are 6 more wave levels not shown in the running wave count to keep things simple but are visible on shorter time frames.