SUMMARY
The magnified view of Bitcoin's (BTC) correction is shown in below chart. The key is that the blue waves are pointing towards a region of $7,965 or so. That region is quite close to the Apex (the point at which two lines of the triangle intersect). I believe green wave 4 is likely to be a bounce prior to wave 5 touching the bottom white line of the wedge pattern. While a bullish wick move is also expected, the support can't be broken decisively. It needs to hold even if price temporarily pierces it but needs to return inside the wedge pattern. Green wave 3 should complete today.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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