SUMMARY
With today's price decline, Bitcoin (BTC) is now closer to completing blue wave C. The below chart shows the proximity of price to the lower white trend line of the triangle. IF correct, price should bounce off the support to put in blue wave d. The bottom support line needs to hold against a decisive breach. The bounce would also allow the white MACD line to start curving up.
The wedge pattern could be almost complete given that the blue a,b,c,d are placed and e is at the terminal end. The red abc show that C's subwaves have probably one wave 5 to go. IF the bottom line of the wedge hold as support, a reversal or bounce should take place.
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