BTC trend line filter suggest possible short-term recovery

Barring massive profit taking, it may be possible BTC will recoup some of its market cap late this weekend (EST) or early next week, benefiting the altcoins in the process. The snapshot here was taken about 18 hours ago, pivoting on the nearest intersecting long-term trend line of several which can be seen rising from the left to frame the area of concern. Several subjective anchor points were chosen, including a stretch frame over future time and its mirror along the same price line to the past. Given the diagram's probable need for accuracy to be of any real use, you might consider it pseudo-augury, just as some might consider anything outside MA- and Stochastic RSI-driven trading strategies linked to algorithmic filtering and parameterized activity to be.

One leading difference with Ether on the BTC-side appeared to be an awareness retaining USD valuation of the virtual currency required healthy and positive trading on the virtual currency side. Comparing Ether/BTC over BTC/USD suggests some experienced traders may have saved investors from a far worse fire sale than we experienced.

Best of success trading.