ABCDE Triangle Pattern which would have started at the lows of July 2017.
Looking for the 3rd bottom touch around 5500 which is the .618 retrace of the 3k low to 14k high in Log Scale.
This level also coincides with the 200 Week MA.
The Blue Vertical line is the estimated Bitcoin Halving.
I do believe after this pattern fully completes which wouldn't be until towards the end of the year that it breaks Bearish to the bottom of the triangle of the July 2017 lows around $1800.
Looking for the 3rd bottom touch around 5500 which is the .618 retrace of the 3k low to 14k high in Log Scale.
This level also coincides with the 200 Week MA.
The Blue Vertical line is the estimated Bitcoin Halving.
I do believe after this pattern fully completes which wouldn't be until towards the end of the year that it breaks Bearish to the bottom of the triangle of the July 2017 lows around $1800.