Bitcoin consolidating in 4th wave triangle

17. Jan. 2021Bitcoin completed 5 waves up to finish wave 3 of 3, and is now correcting in a 4th wave. Waves A, B and C each subdivide into 3 wave structures, suggesting a triangle pattern is likely. In this case, it will continue consolidation in a range prior to breaking out to the upside. The initial triangle thrust target is 48k with potential for higher prices. At a minimum, wave 5 should exceed the top of wave 3 to achieve a new all time high.