in 14th july bitcoin started to form a inverted head and shoulder-like move until 20 july, then it failed to form right shoulder and started a channel toward downside. then again it made pretty much exactly the same pattern but a smaller one as i drew in the chart. i've seen these fractal patterns repeat themselves at least 4 times especially in corrections, like one we have in wave 2 after rallying from the 3100 bottom. take a look at these patterns. you can open a leverage position to play these patterns. it would be nice. now i expect to break to the upside from the smaller channel.
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the first channel came down to 78.6% Fib level and the second one now is in that area. let see what will happen