A few others on this forum have predicted that the recent HnS pattern in BTC could lead the price below the neckline, towards the 5K territory in the near term. This stretch agrees towards a longer term equilibrium pattern devloping in the BTC price. High of 20K, low of 3K, lower high of 14K -> higher low of 5K, lower high of 10K, higher low of 7K. The volatility gradually decreases as the equilibrium pattern emerges. This is also the time when long term bulls accumulate - in the hope that the price breaks out violently to the upside later on. So, looking at the timeline, the equilibrium pattern would evolve into mid-2020. It may take until 2021 for the next bull market to kickstart.
LOL, if that top is 13800 and the neck is 7420, then the endpoint of this H&S is just above 1000, which most bulls think impossible and improbable. That belief will be their doom.
UnknownUnicorn1375590
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@Jeff_Cryptopop, the previous top was at 20K with 6K neckline leading to a bottom of 3K. Log chart is a better predictor than linear scale for longer time crypto trends.