Projected path based the factors shown on the chart. Obviously, the biggest contingency here is the blue trend line from the 2013 bottom to the current (possibly, maybe, hopefully) bottom holding. A dip now to about 3400, bounce back up to hit current position, dip back down to about 3450. As long as the second dip stays above the first then up to test (I think definitely break) the slanted Inv HS. After we meet up with the straight neckline which would cause throwback in the form of a right shoulder. If all that comes to pass, then bull run kicks off.
Alternatively if the price dips below 3k, then a big HS formation is completed and we could theoretically dip all the way to triple digits before all is said and done. Just looking at the market as a whole though, that would mean most alt coins go to 0, and I'm not sure if the powers that be would let that happen... Maybe they are all bitcoin maximalists...
Alternatively if the price dips below 3k, then a big HS formation is completed and we could theoretically dip all the way to triple digits before all is said and done. Just looking at the market as a whole though, that would mean most alt coins go to 0, and I'm not sure if the powers that be would let that happen... Maybe they are all bitcoin maximalists...