Update: BTC is now finally in stage 3 after its initial break out of $4,200. It has now completed the major pattern that’ll help tell the storyline for the next weeks move. It is indeed a Bullish pattern, a Bullish Hooligan is now in play. A breakout will indicate further bull days ahead while a BD, will show the first bearish move since the break and the first step of the Bull Trap. A decision could be made within the next 3-4 hours. Any side consolidation would still favor the bulls. That’s a 2:1 for the bulls.
At the moment Bitcoin is on its third attempt to breakdown near support levels.