What BTC is doing right now will catch many people off guard in the coming weeks.
It is still unclear if the low is in or not. Right now both is possible and in fact, it seems like a 50/50 situation which will resolve in the opposite direction of the market sentiment.
A triangle can occur in wave X or in wave Y of a WXY pattern. It is still unclear which of those two triangles it is.
At this point there is no way of knowing if it is an X triangle or a Y triangle. But we will find out soon.
If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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Have a nice day :-)
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