As we know, BTC is still in a downtrend. Within this downtrend we see a uptrend channel, bitcoin moved up slowly the past two weeks. In my opinion it has to retrace to build some momentum. The yellow ellipse would be a perfect support line. This is around 9700/10000 dollar. If this support line holds it will consolidate around that price. If it breaks downwards...
Triangle pattern on 4h - 2h - 30m Watch for a 30m candle closed below bottom trendline TP will be 4H 100 sma
Pair failed to make lower low Possible retrace back to 61.8 % fib and 78.6% fib Entry shown Take Profits shown
Zclassic Now we are in the flat zone and descending channel the downtrend is leading to strong and risky 78.60% Fibo. There we can buy, make order - my advice. Soon we come closer to the resistance line and go to the second(for now) strong lvl 38.20%. There we can TP.
Price reversed from a daily descending trend line that lined up with a 2H resistance zone, and it broke out of a rising channel. Will be looking to sell on a break out of the flag pattern.
It looks like BTC is deaf and blind; it is not paying attention to what is going on out there, nothing about China, North Korea, USA...well, this is its first test when geopolitical issues are not in good shape...IMO
Description on chart.
Interesting to see the same pattern play out twice, I see BTC following the Gann levels higher. A break of the next level will open up 3000 - 3300, looks short term Bearish under 2500
Price has formed a head and shoulders pattern. Price broke the neckline Waiting for retest on lower time frames (2H & 4H) to enter short.
2H trendline broke and now retesting, expecting further downside movememnt.