Updated
Alternate for BTC
Wave 5 of C of the flat could also be truncated and look like this. It can't fall below the 1 extension, otherwise, wave 3 would be the shortest.
Note
All of this could also be, and actually I believe it is more probable at this stage, wave 1 of 5. Truncations are not common and should not be the first operative count. If this is correct, we will see a rally to 22k ish for wave 2 and then plummet lower. Don't be fooled by this rally.
If this is indeed a truncated 5th, we have to break above the origin of the pattern, 25 200k, for confirmation. I will not favour the truncation until is it confirmed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.