SUMMARY
A redraw of the correction into a bullish downward symmetrical triangle is quite impressive because of near termination status. It's almost done. Still, there is a scenario for a one more slightly lower low if price wanted closer proximity to the Apex. The price neared the upper white line, I had posted a criticaljuncture alert and noted the significance of breaching the upper white trend line.
IF the e wave is complete and does NOT breach the lower bottom line decisively; then the likely next price move is expected to be upward.
The blue arrow shows how any good Technical Analyst might call it a bounce awaiting a lower low. But even at this early stage of the bounce, not enough sellers were populated so that price had to go up. One reason why triangles are quite common because it allows the price to become time pacman.
The future price pathway projection shows primary to be the blue Elliott Waves with a target of 2,254 Satoshi.
Legal Disclaimer: This post is for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this post has been researched and is thought to be reasonable and accurate, I cannot and do not guarantee any rate of return or investment timeline based on the information presented herein.
