I surmise Bitcoin developed a new channel after the huge growth in price when we initially hit the 4k mark, nearly doubling. At that point Bitcoin became truly relevant to a larger audience. This created a new channel which is shown in the chart. Bitcoin broke that channel in the euphoria phase. The resistance of the channel slowed Bitcoins progression and that coupled negative news that comes with a large retrace, sent us back through the opposite support side of channel. However I propose this channel is is stronger then we possibly can imagine and Bitcoin will mirror fractal outside the channel and re-enter. After that we will work our way bouncing through the channel. This is a long position once we enter channel. I wish you all prosperity and remember, Trade from your intuition. If it feels right, don't second guess, no matter what.