BitCoin (BTC) Mid-Day Update: The Second Wedge Completion Could Look Like This

SUMMARY

Bitcoin (BTC) is trying to complete this minor decline towards blue wave c as shown in below chart. The bottom line needs to hold as support from decisive, downward breach. The red abc waves of blue c can be at a terminal stage.

Looking at it in the wedge form, the abcde (blue) waves also seem to be near complete. The decline today could potentially mark the blue e wave.

Closeup shows that the blue e wave subwaves haven't yet counted to five down; and the missing waves could look as shown in below chart. The bottom white line of the wedge needs to hold in order sustain this pattern's validity. Let's see what happens in the next few hours.

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