Somewhat of an update to yesterday's chart.
I believe the developing price for BTC will end up with these (2) options, and there is no way to predict which one will occur! The only indication will be once this down trend channel's upper channel line is broken! So, after the Running Flat is complete, price needs to bounce higher to the upper channel line and break through it, and more importantly stay out of it! Then, we will know that it was a Running flat, but if price stays in the channel, as indicated, then it could pursue a much lower target, and produce the Expanded Flat!
Stay patient, this could take some time!
Cheers!
I believe the developing price for BTC will end up with these (2) options, and there is no way to predict which one will occur! The only indication will be once this down trend channel's upper channel line is broken! So, after the Running Flat is complete, price needs to bounce higher to the upper channel line and break through it, and more importantly stay out of it! Then, we will know that it was a Running flat, but if price stays in the channel, as indicated, then it could pursue a much lower target, and produce the Expanded Flat!
Stay patient, this could take some time!
Cheers!
If this is confusing, I can create a corrected chart, but you should get the idea!