Now BTC has formed yet another symmetric triangle trying to break upwards, which if succeeds could reach the target @ 12.3k (target is an approximation, depends on where the triangle breaks).
You also notice a forming, and BTC has only been scratching the upper resistance and it never moved anywhere near the lower support.
Also it is said that Corrective Wave C occurs in 5 impulses and 2 are still missing.
Now there is another important (denoted in green) from my other ideas which hasn't been touched yet (though there is high probability that it will be violated leading to newer lows, it's important and it has to be touched and BTC isn't going anywhere up without visiting it)
All of this leads me to the bias that there is more of downside than upside for now.
But all of this, which is logical and practical, said and done, BTC can choose to be illogical and impractical and do the exact opposite!!!
So, raise or fold??? Absurdity or common sense???
Resistances on the daily: