Spent some time research the previous 4 market structures of BTC
today and discovered each wave has 4 points that mark a wave's progression. After 4 peaks BTC
has historically and presently had a major dip. After the dip BTC
goes through a FIB wedge
, consolidating and building up pressure like a spring. After the FIB completes we're back to the bull market and on to new highs again. Each of these waves have historically looked slightly different, but the fundimentals are all there. The FIB wedge
is BTC's tell of a change in the market into a new structure.