So here we have a 4hour chart of bitcoin. You will notice the movement perfectly consistent with the corrective triangular waves . At the moment we are busy completing the final E-wave which could most probably be the end of the correction of Bitcoin and moreover the market in general.
This morning the sellers had come in again to bring the prices down which what we wanted to get the E wave moving along its path.
It could take a few days to complete.
There is also a possibility of a break out of the wedge and then some sidewards movement thereafter before the next uptrend.
You will notice that Cardano is currently at this stage from one of my older charts.
Would love to know your thoughts if you agree.
This morning the sellers had come in again to bring the prices down which what we wanted to get the E wave moving along its path.
It could take a few days to complete.
There is also a possibility of a break out of the wedge and then some sidewards movement thereafter before the next uptrend.
You will notice that Cardano is currently at this stage from one of my older charts.
Would love to know your thoughts if you agree.
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Time will tell.