Will BTC save the day?

We all know that BTC has been backbone of the crypto markets and so far all alts have followed to some degree the fate of the BTC.

I see a healthy long term correction and large bull flag formed (a descending wedge on a linear chart).

We are also approaching a long term major trendline and some important fib levels. If BTC finds support and breaks upwards out of the flag everybody will be smiling again ;)

Could still take a month or so to confirm.

Comment:

I also see an inverted head and shoulders and a smaller descending wedge in play...