factorco

factorco

The Bitcoin decline appears to be a fractal to the bear market of 2014. To complete the fractal will require one more new low during the present bear trend.

factorco

The symmetrical triangle will determine if the major trend will turn back up or if the broken parabola has much further to go to the downside. This issue should be resolved within the next few days

factorco

This is a long-shot interpretation -- but I view charting as simply possibilities, not probabilities and certainly not certainties. One just needs to be prepared to act if signals are flashed.

factorco

Because this pattern has formed below the ATH it must be considered for now to be a bearish continuation pattern. A completion of this pattern would also violate the long-standing parabolic advance fan line.