We Gon Be Alright - While BTC has crashed -$10,000 in one daily candle, we still have a very strong macro uptrend that is still currently holding. However, if that trend is broken on a daily close then we could actually see that $10,000 BTC every bear has been praying for. Personally I see the slow move toward the macro trend, then a bounce back up to eventually...
Made this chart about 6 months ago with the theory that ETH will take over the market. Seems to be working out! Unfortunately, I dont have much ETH due to paying stupid gas prices for things but this is still very interesting. Congrats ETH holders on your future gains!
While this will resemble a dead- cat- bounce, in this scenario, it will be FAR from dead.
In this scenario, MATIC will complete the symmetrical triangle with an inverse head and shoulders with an optimal secondary target of $2.50.
In this scenario, BTCUSD will avert a death cross and complete a massive, bullish cup pattern. This will take it up above the $47,450.00 region, signaling that a bull run is imminent.