SUMMARY
For Bitcoin (BTC), the MACD indicator has become a strong friend in providing the early indication (red histogram) and the lagging indicator (white line). The higher lows of the histogram was very indicative from very early that a trend change was at hand. I believe the MACD will support the rally into July and as higher lows and incremental higher highs are posted; it'll likely generate an upward pointing wedge. The wedge will apex into July/August timeframe. Then, another sizable correction of 50% to 78% could be probable. How does this fit into price?
I believe we recently finished wave 2. Which wave comes after 2? Wave 3 and that could be starting now. Since wave 3 is usually the most extended and so moves most violently; it would provide a site to behold in the coming weeks. This is why I believe the month of May could be jaw dropping. Wave 5 could likely go into July/August and when this wave completes; it's when the sizable, requisite correction onsets. The bigger picture is to look at the bigger degree of trend waves. The first five waves become subwaves to a higher degree of trend wave 1 (blue) and the upcoming Summer correction would mark the blue wave 2. Then blue wave 3 could be the pathway to six figures. There is also a bearish alternate count; however, this won't be discussed until the waves and MACD and pattern indicate that direction.
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