BTC Potential Triple Zigzag

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BTC Potential Triple ZigzagBTC Perpetual Futures ContractBINANCE:BTCUSD.PTheGemHunterBTC still remains corrective to the downside, potentially printing a triple zigzag correction; one of the most complex corrections. Catching it before it ends can be rewarding, if accurate. Price is finding resistance at weekly close/resistance level, a very helpful level so far. Here is a zoomed out view of how this level was plotted... ...we can see how this level acted as major support and resistance in the past. Potential retracement for this triple zigzag is at the 1:1, a fairly common retracement level. If price does indeed turn around at the current level and find support at the 1:1, there could be another retest of the weekly close and resistance level. The most important take away here is, price action still remains corrective to the downside rather than impulsive, leaving the door open for a possible move to the upside. Key level to watch is the weekly close/resistance level @ $67,677. If rejection continues at that level, this could eventually become impulsive to the down side. If price breaks above and finds support, there could be another wave up in the works. -Not Financial Advice-