On broader view weekly chart the BTC is likely to follow the Gartley pattern soon, the price line dropped between 0.618 to Fibonacci retracement of X to A legs defined by famous pattern recognition tool the zigzag this is the 1st formation required for gartley , now there are chances that the candles would move here sideways or move up soon. If the price moves up between 0.618 fib retracement of A to B leg to previous top which is A leg then we will have second confirmation of Gartley and it will be easy to exit at right time before fall. The MACD is also weak bullish but again it all depends on formation of C leg, the pattern has strong support of 5700 sofar. Here I have used volume profile fixed range from dec till today which shows the 70 percent active trading is above 6600 and only 30 percent trades are below 6600. Hope BTC will perform well at year end like it does at the end of every year insha Allah.
Regards,
Atif Akbar (Moon333)
Regards,
Atif Akbar (Moon333)