Based on ab=cd algorithm and its exact projection on the lower trend line of pitchfork, I suppose a reduction to the indicated price on the chart and then restarting the uptrend.
what do you think?
Lets hope that the indicated black trend line do not break! but if it breaks the indicated blue support lines would be activated and then we will move UP again. Don't worry about these retracements because they are the nature of signals, whatever goes up would retrace a little bit based on Fibonacci retracement or vice versa. a little patient needed :)
a little...
Despite the fact that we all know BTC would grow much larger than now, I think we should wait to the best entry point and buying BTC would be risky at this price. I said the word fact in my sentences because I think there is a huge fear of dumping bitcoin again and it would not happen at this time, but a retracement to BTCUSD would be so helpful to rest and go!
