If the diagonal gets completed, according to the Elliott principles, there could be a huge correction soon for bitcoin.
After a positive response to the median pitchfork, we may finally see a bull run after a break out of the triangle. First target at $1.2
The corrective wave 2 seems to be completed, and the second impulse wave (3rd wave) might start soon. Coming from a cup and handle, we can expect it to be extended, or at least powerful.
We could have entered the last impulse of the last major impulse.
When the price breaks the triangle, a new bullish trend will start. Wait for a candle above $13 for confirmation !
We may only be at the bottom of the mountain.
first test : 490 second test 510 if those resistance break, the bullish wave may bring it to $685 as a first target (1.236 fibs)