Another consolidation pattern, but will it break down this time?

BTC is consolidating...again. This time however are we going up or down at the end of the pattern? For now BTC will head down and then we shall see.

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I predict a drop down to the 48k area (4.5% drop from current price) and then back up to 50k area again. I think there will be a blow off top from some alts. I will be taking gains when BTC gets back to 50k area before its starts its decent for a few weeks ...or if BTC continues down to 46.5k and then back up it will change my mind and I will likely see this as a bullish indicator that it will go up from there. Lets's see as usual

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I give it 1-2 days from now to reach the target. Let's see

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And there is the dip...wow 43k...didn't see that coming. I think it will come all the way back to 52k and some ALTS will have a blow off top but we should always be watching BTC for another potential drop. Let's see

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Maybe something like this...let's see

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Here are my current thoughts...green box is area of interest for me. I am thinking most likely down after that area but let's see.
To address a previous message of dip, rip, and drop. We saw a dip (more than I expected as noted) but will we see a rip? It probably won't happen until we drop more, maybe down to the 40k area. I am still planning to take some profit on ALTS but will we see a blow off top? Maybe that was trying to predict too much. Good luck to you all

Trade fermée manuellement:

I am going to close this idea since I am basically posting the same update to my other idea which I will continue to update ...here is a link. I think more than likely going we are going to see a larger drop and zooming out on the 5 day may be the best approach to predicting where BTC may go next IMO...good luck