veblen

veblen

The current pattern is looking like an 'M' top. The measured targets for a lower price move are marked by the red lines. It doesn't mean the price can't move lower than those levels. But They are good levels for closing shorts, taking profit.

veblen

Comparing the fractals.

veblen

At present BTC is respecting the long term log channel from 2017. Current momentum suggests the channel is unsustainable, therefore I propose another channel of equal height is entered to the lower side. With a possible bottom highlighted by the yellow line.

veblen

Possible rectangle forming on the BTC chart. Sentiment still seems bearish with market lacking confidence.

veblen

A lot of people say 1 minute charts are useless. Let's see if the 1 minute can predict the future.

veblen

Breaking to the upside puts a long target around 13250.