SUMMARY
Yesterday morning, the below chart of Bitcoin (BTC) was posted. It shows how the symmetrical triangle was progressing and that red waves A,B and C were complete. That left waves D and E remaining with the potential of a breakout occurring at wave D stage.
Currently, wave D could be nearing completion as shown in the below chart. Could there still be a wave D stage breakout as shown by the white arrow? Yes; but I believe the E wave will be the next part of sequence. IF so, this would complete the ABCDE symmetrical triangle structure. Price is then expected to breakout as it would also be proximal to the apex. Note how the volume is still declining and with the price breakout, it should as well (blue) arrow. So, overnight price action is likely to be down and complete the E wave. Perhaps, a morning surprise of a massive breakout could be seen.
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