IF a bottom is in, it would look like this from an EW perspective. The bull Flag feature could be the breakout catalyst from a pattern perspective.
Blue (ii) has retraced 0.78 of Blue (i) which is quite the norm. Blue (iii) projection is made using a Trend Based Fib Extension of 1.618; clearly 2.618 has potential also.
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Blue (ii) has retraced 0.78 of Blue (i) which is quite the norm. Blue (iii) projection is made using a Trend Based Fib Extension of 1.618; clearly 2.618 has potential also.
For more in depth daily analysis of Bitcoin, consider joining the Haejin.com community of HODLers and Traders!