One possibility is that BTC is in a giant descending wedge and that being the case I expect it to play out something like this, breaking to the upside in sometime.
HT USD seems to have perfectly respecting the trendline. We see the break of the line, subsequent retest and break again.
If the long terms trend is broken, I expect 5 waves to the downside with a target towards the .618 Fib level around 3.8. Let us see if the setup takes fruit.
Note: Just an idea. Not investment advice.
