Re: This is most likely the reason why Bitcoin has been less volatile lately
It means we will slowly correct to 6k area. I am still holding my short position. I can't be sure this is a ABCDE pattern, I still see 3k as possible, anyway 2022-2023 should be very good for the bulls 
I might even lose my bet in 2021 
I might even lose my bet in 2021 It means we are likely to slowly correct to 6k area as nothing is certain, it's only based on probability. 1% chances happen 1 in a 100 times. Don't go getting yourself rekt!
Your post was 1 one word away from getting merit
Hmmm, that looks a whole lot like the triangle chart I've been posting for the past 4 months!
Great minds think alike
It's still a valid count, but also still speculative since the termination of D and formation of E are not confirmed yet. It will be invalidated if either the B or C pivots are breached before the E wave is completed.
If the market forms a swing low in the 50-70% Fib retracement range (~ $5,700-$7,200) then we'll have a textbook triangle on our hands, with a bullish bias.
If the market forms a swing low in the 50-70% Fib retracement range (~ $5,700-$7,200) then we'll have a textbook triangle on our hands, with a bullish bias.
Appreciate the input, I skimmed the comments hoping to find your interpretation
