With the massive plunge recently, BTC pushed through its main support line that was keeping it "parabolic". This being said, BTC must find a new support line for this next wave, and there's no clear contenders. 2015-2017 shows a line that BTC continually beat on.
BTC's last recovery followed the Gann Fan tool quite well. I've looked for similarities between the 2 market cycles and applied the Fan appropriately. Here's how I see BTC crawling out of this bear market. Looks like we'll have a couple years to accumulate, and this scenario is on the more bullish side of my analysis's.
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nailed it
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Notice how accurately BTC is following the ascending diagonal line. I think all the charters are going to be looking at this line once we get a double confirmation at these new levels
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Chart still on track! • If we replicate the previous cycle, once hitting wave 1,BTC will retrace to wave 2 using the grey line as general support and timing. • The yellow line is ultimate support, but BTC doesn't need to touch it as seen in the previous cycle.