BTC - Leading Diag off lows?

18 Jul 2023

BTC is likely setting up a monster of a move higher, but if this diag path plays out it will crush late longs and offer those with patience a shot at much better prices than many currently think. IMO - BTC could be setting up the last leg of a leading diag off the lows, if this is true, then diags like to retrace towards their origin and this blue path would satisfy this need and a few other TA gems (most notable back-testing the last significant breakout at the 19k region). MUSING: If this does happen it will satisfy the count for RIOT that is shaping up as 5 waves off the lows for wave 1 and its ensuing wave 2 should retrace about 50-65% (this retracement would align well with BTC leading diag thesis). This would also suggest lower lows for most alts. Techs (see red rectangles) currently support this thesis. GLTA!