So after reassessing my previous analysis, this wave 4 is looking to be a little bit tougher at the moment to wave 2. Nevertheless, I have realised that Wave 2 had two point where it touched a resistance line and then shot back up (outlined in green). This is what I am looking to see happen as well with Wave 4. You also have to take into consideration that today is a Sunday, therefore making it more difficult for bitcoin to really drive itself upward, due to lower levels of trading when compared to weekdays. Bitcoin will reach the top trend line eventually, and I see it rebounding in a similar fashion to Wave 1 and Wave 3, where the second wave within the fifth wave will touch the trend line and then shoot downwards after buyers realise that sellers are overpowered at these levels. Will keep you guys updated with every move!
