#bitcoin ready for next leg down. What do you think ?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Didn't have to produce this prediction but thought just for fun. Taking a guess on timing when leg down may end, and that we've seen high. Also took volatility of the 14th September as 23.6% key to the next Fib downturn. Added some more Fibs too using a different measure.

If it's going to try for a second fractal high will it reach bull territory instead ?

Are we going down or up ?

For those not familiar with Trading View drag scales on side to move chart around.
Comment: The pattern of first fractal or consecutive fractal after a red vertical on this chart appears to have reached the end of a life cycle. Pattern has been broken.

$6,731.3 been broken so that pattern on the chart has also reached the end of a life cycle. I don't think it needs to close above it to be the case, but the case would look stronger if it did.

Found something to pump in next weeks news obviously.


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