The yellow bars are the price action from this summer when BTC dropped to 28K.
Our Price action right now looks like a mini version of it.
If it were to follow exactly, BTC could drop to 40 k. which should happen between tomorrow to Monday.
full disclosure
However I am not selling right now, on the chance that it might not follow and also because even if BTC follows it exactly the pattern ends by the end of January. And I can just wait a month for it to recover. I currently have a buy order around 43.2k
This scenario also rhymes with a previous idea of mine which I will link to. It consists of 2D chart and 200 ema sma.
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BTCUSD BTCUSDT Bitcoin Fractal
