Will BTC save the day?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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...

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