Bitcoin – triangle correction completed

Hi all!

Bitcoin has remained in the same place for the past few days, and I see contradictions in the analysis from influence traders. As usual, after such a huge collapse, many bulls have become active, talking about a day at $15,600. Wave theory and trading chaos tell us that this is not the case. Total disappointment is about to happen in the next couple of months, but today let’s take a closer look at the current triangle correction.

I would like to remind you that after the impulse downward wave 3, the market began its corrective wave 4. I had already assumed a zigzag, flat correction, but last time I finally came to the conclusion that we were faced with the ABCDE triangle. Look at the chart to see how these waves are divided into zigzags abc. As I see it, the last wave E has already ended and the market has now started wave 5. I expect the dump to be at least $15k at the opening of the new weekly candle.

Best regards, Ivan