General projection of how GBTC (and thereby BTC) will bottom.
Updated
This is loosely how I think BTC could bottom as depicted in the GBTC ETF. The 1.54 support line I drew corresponds with the 1200 ATH of the 2013 bull cycle. (The correspondence isn't 1.2 GBTC -> 1200 BTC because GBTC has a premium associated with it.)
I'm not suggesting I have the exact touch points marked of what the price action will be within a declining broadening wedge, but I expect the pattern is going to be that, a declining broadening wedge.
I'm not suggesting I have the exact touch points marked of what the price action will be within a declining broadening wedge, but I expect the pattern is going to be that, a declining broadening wedge.
Note
More info about descending broadening wedges:tradermentality.com/2016/02/descending-broadening-wedge.html
Note
Transposed on to BTC:
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