OK People, here's my best estimate as to what MAY
happen if BTC
fails to break out North of this long established channel as many are expecting. I changed over to a line chart to take out all the pin highs and lows of the candle charts and smooth things out a bit. As you can see bit-coin is coming up against the upper resistance of the channel as well as the 50 and 100 EMA
rejected, I anticipate at least one more leg down. (Dotted white lines) Don't hold me to the exact path or price points of the dotted white lines as I only drew them as a visual place holder to complete the chart. If things break down again it should be more clear as to where these actual wave points might unfold. Most likely around support and resistance
areas previously established.
Good luck and happy hunting!