The hype of 2017 has to be excluded from this... but what if we make it where BTC went to 10K and then back down. Would ABCDE match? So far it has. The real question is... is this triangle here the one we would be working with had Bitcoin not gone to 20K?
20K was due to the media and everyone signing up to exchanges to buy these coins. What if this didn't happen? This is what I think could be an answer.
If thats the case, Bitcoin is finding its bottom right here, and most certainly breaking out the first week of April.
Usually we need to go down more (despair) before returning to the mean. This has not happened yet, and it might happen !