Technical analysis by LiquidMafia about Symbol BTC on 11/11/2022

In this theory we take the 2013 cycle as a trend line and place the correction from ATH > ATLs. History claims that in every cycle we have completed this pattern. There are 3 set rules in order to confirm a bottom is being made. Note: These trendline are all identical and are not manipulated in anyway. Trendlines may vary on other BTC pair charts. 2013 Cycle - Marks the Power of 3 (Template) 1. Bottom Trend Line - Marks from absolute bottom target to previous low. 2. Median Trend Line - Marks from absolute bottom target to 50% projection retracement. 3. Top (Confirmation) Trend Line - Marks from absolute cycle top draw down to intersect points of 1 and 2 and must not cross or overlap. At point 3 confirmation you need to see a PIN point mark. Based on this theory, when these 3 lines intersect at their lowest point and it marks a cycle bottom, you have confirmation. I've marked that a Fib Ring to POC from 2018 as a point that could be potentially marking a confirmation bottom. If this mark is not hit then it is much further down.Well just an update zoomed inSo I will close this theory off as target has been missed and we have surpassed the target area. In fact the ring provided support and we have since rallied up.