BTC 5-0

31. Juli 2021

The current upsay has all the signs of being formed into the final retracement for wave D,
in a 5-0 reversal pattern,
provided that the price does not go above $ 45869, which is the classic rule put forward
to the formation for this pattern,
where wave D should end 50% of the retracement from wave C
and fit into the boundaries of the descending channel,
which can be drawn through the composite waves of this pattern 5-0, in which after the D
the final downward movement is expected, which in turn fits into
downward wave pattern, subsequent wave counts of the second zigzag in
Correction model of double three,
in the composition above the second wave, following the primary wave level, the first and correction in
second wave of the cycle, after which the resumption of a stable bull market is expected in the third wave