Typically financial products like stocks or currencies move in non-linear trajectories, and IMO it can be seen as moving in higher dimensional space (X). The price we see in the chart is nothing but a projection of this one. Most of the technical analysts were trying to linearize using some transform/mapping function (indicators), or by drawing some trend-line. What I’m doing here is trying to project(decompose) this X into linear directions (non-orthogonal). This in fact is nothing but guessing, but these 2 directions I chose fit the most trend lines (lines that connect top-top or top-bottom).
Then I compose these 2 directions (vectors) to get the final one. This method for sure can be incorrect due to randomness we all know in this market but I hope it would give some insight into the future.
As a result of this, bitcoin price level can be as low as 22k6 and 16k5 before some pull back..