It is on its way upward.
I'll break down smaller waves after getting this published, but for now this long term look is important. I've looked at multiple different cycle looks, indicators, even the (seen here) and there really isn't any indicator that tells me BTC is facing any downward pressure at this point. I'm a believer that the long term correction is over. What is the new trend? From what I can tell, its upward again.
This channel looks too sharp to me, and I have a hard time buying it... but this is the chart. This is the math, and the TA and BTC has shown me steep slopes before. I hope we all enjoy the peak!
This is the shorter term look at BTC, and for those of you who bought, and are looking at losses, keep strong hands. Remember, we are looking months out, not days.
This is what you're looking at currently as far as what you need to stomach.
I know its ugly...but this is where profits start.