$BTC - can you see the light at the end of the tunnel?
We appear to be in the 4th wave and they are usually ABCDE triangle corrections. Also if 2nd wave (in 2014) is deep correction of 85% from ATH, 4th wave should be less. Watch out for a breakout, BUT going below the support of 5.7-6k wall is bearish
Notice how the price broke out from the downward red channel, retested it and stayed outside of it. This is very similar to Q1 2015 when the last bear market ended (marked with call outs in the chart)
This chart was originally posted in Jan last week, but TV decided to block it as one of its rules was broken. But it can be still seen from the links in my signature
12Hour chart
4Hour chart
Notice how the price broke out from the downward red channel, retested it and stayed outside of it. This is very similar to Q1 2015 when the last bear market ended (marked with call outs in the chart)
This chart was originally posted in Jan last week, but TV decided to block it as one of its rules was broken. But it can be still seen from the links in my signature
12Hour chart
4Hour chart
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