Just an idea for a potential path through september / october for Filecoin / BTC pairing.
Initially we formed a cup that led up to our ATH. This idea assumes we're forming yet another cup, where the bottom of the cup completes something like an inverted HS or a double bottom pattern, and the neckline we need to break to continue upwards, also happens to be our highs from the previous cup.
Let's see what happens here.
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The smaller bearish cup is almost complete, need to see if we get a strong dip at the end that is nearly the same as our previous bottom, forming our head and then a direction change, for this to remain valid.
If not, and we continue to drop much further than 0.00137-139 (where our last drop ended) - this idea may become invalid.
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Update: We're at the end of the bearish cup within the larger bullish cup. and followed it almost perfectly.
I still expect a candle down to the yellow line and I'm hoping for a wick that gets us down to ~0.00136 - 0.0014