UnknownUnicorn416662

Chronicles of Blood and Stone

Long
BITFINEX:BTCUSD   Bitcoin
Dear Reader,

I wish to take a moment and applaud my fellow TV authors for posting analysis in a market which has become increasingly difficult to interpret. Your ideas teach us. We learn, explore and think of our own innovative ideas all because of the groundwork laid by you over the years. Pay no attention to haters and keep up the good work. The TV community needs you !

Down to business ...

BTC -2.41% is traversing a descending wedge and set to complete it's journey to the lower bound at about $8600 - $8650. Once completed, I expect strong rally to the region of $10200, upon which BTC -2.41% will commence it's final descent to the yearly low.

Many of my fellow TV authors have speculated this low in the region of $5000 - $6000, but I think the fractal which has just completed (expansive flat) will be mirrored on the daily. This would bring us closer to $3500.

Time reveals all.

Happy trading !
Comment:
Please note that my triangle is incorrect. I openly admit to making an error. My sincere apologies. It is likely to break down from the symmetrical triangle, possibly see a pullback before the descent continues.

Special mention to the genius of @TheTraderInAction for helping me out!

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