Strong Retracement Scenario: BTC 4h need to test $47k zone

Updated
As I mention before in my previous prediction, there is 1 scenario that bitcoin need a strong retracement before take of. Lets have a look together!

The chart above is the Idea that BTC will forming a bull flag pattern which contain 5 wave ABCDE. Up to now, we are in the D wave heading to 57.7k, during this time we will witness the altcoin wave, they all will pump around 50-200%, especially midcap coin.

After D, if the price did not break 58k, it has to be retrace down to 47.6k and completed 70% of the bull flag. We can have here a good entry for the next altcoin pumping wave, expecting from 200-500% profit during the way to 68k.

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Hope you guy have a big profitable week!
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