Lately I have taken to drawing curves on my charts to visualize the boundaries of the price action. It also helps me set buys and sells.
Here I have noticed that BTC is beginning to repeat similar price action from the previous level it was on. If history repeats itself, we will get four sideways humps and then a drop to a lower level. This is just a theory, so let's see what happens.
Also note the ascending megaphone pattern. That usually breaks down. There is nothing super obvious telling me that the correction is over yet.
Here I have noticed that BTC is beginning to repeat similar price action from the previous level it was on. If history repeats itself, we will get four sideways humps and then a drop to a lower level. This is just a theory, so let's see what happens.
Also note the ascending megaphone pattern. That usually breaks down. There is nothing super obvious telling me that the correction is over yet.