My Hypothesis: BitCoin
is still in its Wave C of an ABC ZigZag
Consolidation. The Subwave 4 of a 12345 Sub-Pattern will end soon. In my last idea
, I thought we are in an ABCDE Wedge
, but it looks like Subwave 4 has a usual ABC Wedge
Pattern. If the 11.8k resistance breaks, my whole idea is probably wrong, because that would mean that the consolidation of BitCoin
has been over already. Wave C would have ended at Subwave 3 and would be probably a Wave 5.