I strongly believe the bottom formation won't be mirrored (three drives pattern excluded).
However, failing to push above the Yearly Open and mid-range levels soon enough suggests with a high probability the lows will be swept before any meaningful rally.
Rarely we have seen V-shape recoveries during the bull-run and I don't think it's the case here - hence I am trusting the white pattern to likely happen.
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$BTC - [D]
Very easy chart to read.
I strongly believe the bottom formation won't be mirrored (three drives pattern excluded).
However, failing to push above the Yearly Open and mid-range levels soon enough suggests with a high probability the lows will be swept before any meaningful rally.
Rarely we have seen V-shape recoveries during the bull-run and I don't think it's the case here - hence I am trusting the white pattern to likely happen.