SUMMARY
Bitcoin (BTC) overnight price action has maintained it within the wedge pattern. The Bull Wick allows a rapid and clean washout of remaining weak holders; the would be sellers. Many have panic sold during the temporary breach of the lower wedge support line. The chart below shows that I would like to see for a bottom to be declared. The video has more details on this; but basically, three rounds of impulse would be ideal. As shown, these three rounds sum up to an impulse of higher degree of tredn (blue waves). The second round of impulse would ideally take price out and above the upper white wedg trend line. However, still, price proximity to the Apex of the wedge is about 15 to 17 days out. For a bottom, I'd ideally like to see the proximity shring to less than 10 days.
This chart shows the fractals as had been presented before the the Head & Shoulders. However, note also the V-Neck reversals after each. The size of these V-Neck reversals also reduce and the most recent bull wick is the smallest. Having one more, much smaller repeat of this fractal would be ideal, as shown in below chart. It'll bring price peoximity to the Apex closer.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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