Recently, we seem to repeating the same old pattern of bouncing off a new low before easing back towards it and breaking it. The green fractal is the daily and each fractal includes the prior descent and the subsequent new low reached. You can see where the red and yellow fractals have come from and the purple fractal is the one that we're currently playing out. It's important to notice the decreasing timeframe on each of these. I'll post a zoomed out chart in the comment showing some of the longer timeframe bounces. The forecast is made judging by the shape of the previous bounce fractals. Additionally, there seems to be a rough halving of the timeframes as the decline gets more precipitous.
I really like fractals in general and I also believe Bitcoin price likes them too. The noise level is relatively high though (some in- or outside events might exaggerate/suppress the waves). I also think that everything is getting increasingly faster and more powerful over time. It feels like this virtual train is burning out the break pads while running into it's event horizon where it can ex/in-plode in a resonance cascade. I hope I will figure it out soon enough in order to get on it's good side. I really don't want to be raped by a fractal after courting it for months. :P