A few days ago I just posted that we might be in a flat correction while most people was waiting on confirmation on the inverse-head and shoulders pattern.

Last post dragged loads of attention. I even got mentioned by @ew-and-patterns who made a post of my chart

You can read it here: https://steemit.com/beyondbitcoin/@luiggih/bitcoin-expect-the-unexpected

Then I updated the idea with the potential targets for the C wave

This is what happened

You can fully read the second update I made here: https://steemit.com/beyondbitcoin/@luiggih/bitcoin-expect-the-unexpected-2-entry-points-to-ride-next-bull-wave

Also I would like to thank @cryptokeepr who mentioned me in his last post and @morseke1 for the support

Now I'm asked if the correction is over. So let's update the idea again

This is how Bitcoin's price has evolved

Third target has been reached already. We're looking for clues in the price to see if the fourth target will be also reached

Yesterday Bitcoin bounced. However, the pattern looks like a bear flag. Bear flags are a continuation pattern of prior trend.

Check out that some shorts are accumulating around these levels. This could lead the price for another (and hopefully the last) leg down.

Conclutions

Our prior low risk entry point levels remain as a strong possibility indeed.

If the bear flag gets confirmed, most indicators lead to our main key level:

1)EW Symmetry
2)Fibonacci Ratio Retracement
3)Fibonacci Ratio Projection
4)TA: Bear flag.

Idea will be invalidated if we break with high volume the prior acc. shorts level because that could mean we've bottomed already

For informational purposes only

Thanks for Reading!