BTC 22 Jan – Medium-term update

BTC broke out of my previous converging triangle. What does that mean?
In my post of 15 Jan, I published a converging triangle and spoke of an impeding breakout. This was the main image I used in that post and its follow-up post on 18 Jan:
After entering the “Breakout Zone” BTC broke out in a downwards direction. This presents a small problem because the breakout wasn’t definitive: yes it left the triangle, but not by much (as seen below).    
I now see two possible scenarios:
 
Scenario 1: Lower BTC prices
BTC may drop lower yet again – probably to one of

About the author: Bit Brain

A walking crypto encyclopedia. Honest, Realistic, Opinionated. Futurist, Autodidact, Polymath.