Bitcoin is in a descending triangle; one final plunge coming

٨ سبتمبر ٢٠٢٠

This correction the past few weeks has one more leg down. The descending triangle formed the last few days has one more c wave correction coming. Once the triangle is broken to the downside, the CME gap from July 24th at $9600 will finally get filled and the ABC bigger correction the past few weeks will be finished. A new bull wave will ensue in the coming months IMO.