Bitcoin Enters Ending Diagonal Form. A Sharp Return to $18K OTW

Bitcoin looks to find more upside action as the Ending Diagonal pattern begins to take form. A completon of this pattern solidifies the anticipated, sharp return towards $18K. $12K and below have been off the table for weeks now. Support near $18K would confirm this theory.

Yorum:

Instead of the Extending/Ending Diagonal, the Contracting/Ending Diagonal is also looking like a prime option. Obviously a 50/50 chance between the two but the smaller than expected movements in Wave 3 seem to suggest that this diagonal will contract instead of expand. We'll see, will update.

Yorum:

Contracting Diagonal appears much more likely than an Extending one.

Yorum:

BTC has dropped deeper than expected however, this should not change the outcome of the current fratacl.

Yorum:

$18K is coming sooner than expected...

Yorum:

Could be due for a move to $23K before smashing down towards $21K.