It looks that we are creating an ascending triangle we could break this at any time from now or up to a few days time, we could break this up and hit the blue doted line and start forming an ascending channel if we don't manage to hit the target, that is a 26% move, but we could also break this down, ascending triangles tend to break more often to the upside rather than to the downside as a continuation but this one is coming from the top also in bear markets anything can happen, so I can expect anything here, please check rise in volume when we break this to avoid fake outs.
Have you considered Wyckoff, we could be looking at a prolonged selling climax, with frequent bounces up (automatic rallies).
Cryptolover333
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@flxtcha, yes I did consider all options out there, so many, thanks.
white_crow
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that's what i'm waiting for - purple dotted - fingers crossed - if it holds good news for BTC
BTW if it doesn't hold then we have falling wedge on daily at that would mean 20% fall from current level
Cryptolover333
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@white_crow, yes, fingers crossed, it is almost there.