Perhaps Bitcoin has moved into the phase 3 “Bear measured move”.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
There is such a rare long-playing formation “bear measured move” from the peak of 2017 and it is being formed. Measuring stroke is a fairly long formation figure. Which can take from six months to several years.

Bear measured move consists of three long phases, or stages. In a bearish measuring stroke, the first and third phases are descending, and the middle one is ascending.

We are now in the third phase.
Goals are calculated in the third phase as follows: percent of the first price drop .
But this long-playing figure takes place only if the future triangle is punched down. See all related ideas.

Stages of the formation of the figure Bear measured move:

1) The initial maximum should be noted, so that was where to start the first fall.
2) The first drop lasts long enough: from weeks to many months.
3) Growth after the first fall is approximately half of the fall, usually the price rises by 30-60% depending on the duration of the first fall. The middle phase of growth can be a separate independent figure.
4) The second fall in absolute value is very close to the fall of the first. Goals are calculated in the third phase - the percentage of the first drop .
5) Trading volume is not significant, but is usually increased during the first fall and falls during growth.
Comment: until September 23 I think we will be in this small globally symmetrical triangle. And then it will be seen that with BAKKT. Where the price will go and in which direction the triangle will be broken depends on the decision made. 23rd is better not to be in position and see what happens. In which. they’ll break the side, and most importantly, we will gain a foothold. I am sure there will be false breakthroughs to deceive the crowd. Always trade with the trend. I recall September 23 decision on BAKKT
Well done, you figured it out :)

@spyxo2x, I hold you in your opinion. I figured it out a long time ago, it is in the ideas of a few months ago. I always trade with the trend. By Bitcoin, I have been standing in shorts for the second month.
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