As far back as May 11, our charts called for BTC to revert to the pink channel bottom  – which at the time was around 22,200 and awful darned close to the 200-day moving average.

June rolled around, and the downside forecast still made sense at 24,000ish – even after BTC whiffed during that slide.

It looked every bit as logical (though our patience was wearing thin) at the end of July at about 26,000.

But, we had to wait all the way to Aug 17 to see our forecast pay off with a winning number of 26,266.Sometimes, charts work that way. You might get what you want, but only after exercising extreme patience. Go figure.