This would jive well with the series of flash crashes and long wicks being bought up near the bottom of this formation where some are definitely increasing their positions feasting on stops getting hit. Oversold alts will skyrocket on this D wave and then fall back again on E and 3of3 where BTC will dominate all as it shoots up rapidly.
That's how I see it anyway. Take it with a grain of salt and don't use this idea to trade on. we can just as easily have a massive 1k selloff in an hour like from 10600 to 9500 and hit major support at 9300 below. Any farther down and we can throw out all EW counts.
Thank you for the insight.
Really I was counting it as and ABC following 1 wave up. Then waves 1 and 2 of 3 complete the triangle shape. C would have to be complete now though.
Looking at your lower price idea again... If triangle were to form and then break down there would be a H&S formation meaning that if it were to pierce the neckline the downward target would be about 7K.