Prepare for bull traps on the way down.
If you are out, stay out. if you are still holding, get out and consider commodities, like silver and oil, which are still cheap priced in bitcoin. NFA.
the potential upside target is $140, as defined by both the trend-based fib and the measured move of the breakout from the larger chart pattern.
Decision time for bitcoin. The downside target is ~$55k. ~$44k is also possible
I sold my camo DLC PM2 because I wanted this one instead.
That was four years ago :-)
A follow up to my old post when oil was passing through from below (here: https://www.reddit.com/r/technicalanalysis/comments/1rmc6jt/oil_about_to_hit_potential_resistance_at_885_the/ ). What was once resistance can be support now. I expect a bounce here and a breakout from the yellow rectangle to the upside.