It is too early to call it a bottom, but I want to show you the best case today. Let's say this impulse wave continues past 8000$ and finally past 10000$...
If so, this is the most probable best case. There are scenarios, in which we just take off to 40000$ by the end of the year, but how likely is that? Some big funds would have to pump billions into the market starting next week... So this is a little more realistic...
It would form a cup pattern, possibly with a handle afterwards.
This move could bring BTC up to 13200$ for wave 1 or X. If it's wave 1, we will likely see any other correction but not a triangle. If it is wave X though, a triangle is very likely due to the rule of pattern alternation. We would have a ZigZag for W, an expanded flat for X and a triangle for wave Y (red).
