FIL / BTC - Proposed Path - Cups

Just an idea for a potential path through september / october for Filecoin / BTC pairing.

Initially we formed a cup that led up to our ATH. This idea assumes we're forming yet another cup, where the bottom of the cup completes something like an inverted HS or a double bottom pattern, and the neckline we need to break to continue upwards, also happens to be our highs from the previous cup.

Let's see what happens here.

Commentaire:

The smaller bearish cup is almost complete, need to see if we get a strong dip at the end that is nearly the same as our previous bottom, forming our head and then a direction change, for this to remain valid.

If not, and we continue to drop much further than 0.00137-139 (where our last drop ended) - this idea may become invalid.

Commentaire:

Update: We're at the end of the bearish cup within the larger bullish cup. and followed it almost perfectly.

I still expect a candle down to the yellow line and I'm hoping for a wick that gets us down to ~0.00136 - 0.0014