Super simple, trendline break and the hold above 42K and BTC is likely on its next leg higher.
Details here: www.flowstatetrader.com
The short pullback after the 3rd touch could help support a breakout from here.
50% FIB bounce with (unconfirmed) pin bar. Possible worst case test of ~170 then bounce. This would confirm higher low sequence then off higher.
If we get a strong Daily close today a medium term bottom should be in.....
With the ABC measured move complete we could look to buy anywhere from here. 8000 looks like the next logical place for price to gun to before a possible turnaround. As a HODLer any price down here looks appealing, especially given I am largely flat.
On a confirmed breakout you could expect 1280 minimum as a measured move target. I will hold far longer.