I expect the consolidation is over and a BTC Breakout.
In the wave (5) has formed a rising diagonal triangle. According to the EW-rules, price will fall to the area of the previous wave (4). We are expecting falling prices to $5735 and later into the $5514 range. Risk Warning: We are working with great care, but still not accept liability for our ideas.
A triangle occurs as a final pattern of a trend in wave iv. We are expecting a rising market in wave v (target = $5899). The wave count is unvalid if prices fall below wave a ($5650) Risk Warning: We work with great care, but still accept no liability for our ideas.
We expect the end of wave (3) at $5899, followed by retracement in wave (4) to $4917. The target of wave (5) is $6702 Risk Warning: We work with great care, but still accept no liability for our ideas.
After a rising trend wave, I expect a return of 61.8% Risk Warning: We work with great care, but still accept no liability for our ideas.
I expect a downtrend with a target in the $ 4956 range, the stop is $ 5111.5. Risk Warning: We work with great care, but still accept no liability for our ideas.
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