Bitcoin
Panjang

Triangle almost done for BTCUSD

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I thought that this triangle/flag was an ABCDE pattern but, in ABCDE patterns you need to find 3,3,3,3,3 wave'd zig zag's. Then I thought it would be an ABC pattern but the C looked super extended. What correction pattern has an extended C wave? It would be WXY pattern!

Again i'm new to fib time zone, wave 5 has already gone past 1.618 of wave 1 distance. The extended wave 5, or this enter wave, fits the description of extended last wave therefore fits the bill for WXY. This extension I hope completes at the 2.618 which is approximately 4pm MST and the larger pattern should be complete.

What happens next should be a capitulation to $11,500 potentially, if this final larger wave does not extend.

Penafian

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