Congrats Bitcoin, you just made a higher low!

We hit a new bottom. 1st target on the chart. If you're not day/margin trading, hold long position until clear boundaries for an upward trending channel are in place.

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Just those of you staring at the chart somethings to watch for with the next couple of comments

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If you're thinking that triangle looks like a bear pennant, you would be correct. HOWEVER, there are bigger patterns at play here and I am super confident that we don't touch the black diagonal line for the big HS above, and safely make it back above the green line. How far we have to drop (if at all) before that happens... your guess is as good as mine.

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My indicator is calling for a breakout point on the 15min, so switching to the 4hr for the next set of comments

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we're back above the green line

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I'm not going to be by my computer for the next few hours, so here's a bigger picture view of where we're at. Comment below if you have any questions.

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my projected path for future reference

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revised projection, this is going to take a lot longer than I expected

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variation on a theme but hopefully you can see where I'm going with this.

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As predicted, the weekly closes out with a higher low. A big win for the bulls:

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Unfortunately, with slanted Inv HS patterns, you usually have to complete a series of them to get to the real deal

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the jump kicks off in 30 mins or less

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for those of you think we're heading back down, here's a comment from earlier

IamJ

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IamJ