On the weekly chart of BTC.D, a classic horizontal triangle (ABCDE) is visible, which likely forms a corrective structure within wave C.

Features:

  • The starting point of the triangle coincides with the peak dominance around 74%-75%.

  • Each subsequent wave (A, B, C, D) fits into a narrowing range, adhering to the rules of triangles (zigzags or combinations).

  • The current wave C is apparently nearing completion - and this is a key signal.

  • In this case, the projection was built on the following principle:

    ➤ from the beginning of waveA to its completion, and then offset from the beginning of waveB upwards.

    ➤ Result: wave C completed just above 0.618, which fits within the acceptable proportion for the wave structure and indicatespotential completion of the correction.

📐 Wave analysis: possible terminal diagonal in wave C

On lower timeframes (4H / 1H), the structure of the upward movement in the current wave resembles a classic terminal diagonal (Ending Diagonal).

Signs of a terminal diagonal:

  • All 5 waves have a zigzag structure (ABC within each).

  • Waves 1 and 4 overlap

  • Support and resistance lines converge, forming a 'wedge'.

  • Volumes are decreasing towards completion.

  • Wave 5 often slightly exceeds the peak of wave 3 - as we have here.

🔍 Comment:

Terminal diagonals are final formations after which the market often reverses sharply and impulsively. In the context of BTC.D, this may indicate the beginning of an altcoin growth phase.

🧮 Confirmation from indicators (RSI / MACD / volumes)$

RSI:

  • A bearish divergence is forming on the daily and 4H charts (price is going higher, RSI is lower).

  • Values in the 70+ zone, indicating overbought conditions.

MACD:

  • Signal lines are slowing down and approaching crossing.

  • Potential downward crosses may form on the 1H and 4H charts.

Volumes:

The rising impulse is not accompanied by an increase in volume - a sign of trend weakness.


🔍 Comment:

When the rise occurs on decreasing volumes and is accompanied by divergence - it indicates the exhaustion of buying power.

$BTC

$BTC

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