Just a warning. There is a decent chance for a bounce here... targets 530 and 543
BTC still has plenty of room to continue to move down. This shape has resembled past moves very very closely and the price will likely base in march when accumulation begins to overcome distribution.
Decent chance top was 570 and we continue downward. Another bounce to 600 is possible, but patients will pay off for shorts.
Symmetry based on time and height. Shapes taken from bFast entry
I usually don't like to forecast price so far in advance... But I have been doing so well lately, I figured I would give it a shot.
Not an incredibly high chance, but I have the sentiment of a bounce to 680 today/tomorrow... Retracement to 700-800 This week... back down to 600 by the end of this month... and then A bleed to 400-600 in march.
I see some people talking about renko in chat so I looked it up and made a chart to come back and check it out at a later date.
I don't usually forecast price this far... just making this chart for fun.