To me, if we were going to continue on going parabolic, the price would have completed the inverse H+S-6.28% we saw forming going into the weekend and finished this week off strong with a huge wick. When we dumped to $615 or so it seems that option was eliminated. So, it seems we gets some more down, then the huge short squeeze comes right around the halving. My bottom trend line
would have us testing around $505, but I have the arrow going below to around $480 as bitcoin
loves shake people out with panic going below important levels before recovering. The top trendline
of the triangle is drawn from the all time high back in nov 13'...
Also, if you are wondering why there is such a huge wick down on that 1d candle from a few days ago--ignore it-- it seems to be a glitch in the data from Tradingview.