I want to show these 2 charts in comparison to see the similarities between last year of BTC and then this year. Last year BTC developed a wedge consisting of an ABCDE pattern. What i found interesting is that both hit the 0.5 fib of the b-C wave. Instead of doing an ABC up this time to test 0.5 Fibonacci, it did 5 waves up, which means we have an ABC structure down now.
Overall this is an ending diagonal, which has yet to test it's (E) at possibly 3250.
This theory would be invalidated if we went above the 0.5 fib at 3750.
Overall this is an ending diagonal, which has yet to test it's (E) at possibly 3250.
This theory would be invalidated if we went above the 0.5 fib at 3750.