MACRO IDEA of current Bitcoin Cycle - Ending Diagonal
The ending diagonal would explain this weird impulse wave structure. Everyone expected this last cycle wave to be 5-3-5-3-5-3 that would take us way above 100K but this does not fit to what we are seeing now on our charts unless we consider this wave to be the ending diagonal. This would finally take us above 100K and could be counted as 3-3-3-3-3-3. If this is true we can expect the bottom to be somewhere between 13K-20k and then another strong move up to build the 3rd wave of this ending diagonal impulse. We also should see downtrending RSI momentum.
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