Now that it's clear that we are still in the middle of this crash. I wanted to present the prevailing thoughts on the subject in one chart. Unfortunately, the chances of the crash coming to a quick end and finding our way quickly to the upside, only occur if the price were to drop
down to the first red dashed line - ~$6800 (The tip of the right shoulder in an Inverse H&S
formation). The second red dashed line keeps the falling wedge
pattern in play, which has the consequence of pushing the upside breakout timeline back by a few months at least. Were we to drop
down to the third red dashed line, we might want to move onto other markets for a few years.