BTC has been ranging since two days. I'm looking at its chart on 1H timeframe and realize that a diamond bottom pattern has formed. Price is on the left lower-edge of the diamond and RSI touches its trendline. I think in few hours this ranging would end and we'll know better about the trend on higher timeframe. Statistically, breakout is favored. Still I think...
I'm updating BTC chart with better XABCD ratio. We are heading to 39K...
I'm using Fib Time Zone and Fib Retracement to predict BTC trends. Clearly BTC has been bounded in a big channel. Now it needs to break local channel to start a new uptrend, until august to reach a new ATH.