@cryptomizer, so where would you see the apex play out? At around 8000? This falling wedge could be forming a bullish flag pattern? I just find it hard to believe that Btc would need to go below 8000 to complete it’s correction, we are already beyond the 60 day cycle and BTC hasn’t gone bellow the 20MA on the weekly chart in a while. I think we might retest 9-9,5k zone with to do a double bounce which would send a clear signal that we have reached the bottom. Your thoughts?
darkandblue
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Gruetzi! Is your wave 4 crossing the end of wave 1?
subtleloudness
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@retiringsoon1, correct, i see that too. it does look like his wave 4 is crossing wave 1 which, makes his wave 4 count invalid.
josephtse
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If this is wave 5, then a nice corrective bounce will follow next week after new futures contract comes on, right?