Volume seems to be presenting a bullish argument for this coin. The BTC pair is at support of a potential IH&S. If the latter patten breaks out, this symmetrical triangle could break away upside into a bullish trend.
Other things being equal, the symmetrical triangle denotes continuation of the previous major movement.
A helpful guide as to an advanced forecast of break-away direction is the pattern of the whole movement preceding the beginning of the triangle's formation. If the preceding move has been long and begins to show other signs of possible exhaustion, then the...
Partial recovery is generally to be expected following the completion of a broadening pattern. In most cases, a rally will develop shortly after the level of the fourth reversal has been broken. This rally seldom gets beyond the half-way level between the last top and the last bottom of the pattern.
When it works, this rare pattern is exceedingly important, and...
Downtrend. No HH until price breaks $10,000.
Price rejected by 50MA (the 1D 200MA is at the same
level). A close through $8,500, to break these
The last two candles & volume evince very healthy
i. The MA resistances are unlikely to arrest momentum
without their significance undergoing a more
Assuming (i) is...