Initially I thought it would be an , but now it looks more like a symmetrical triangle. That would lower the probability for a breakout to the upside as a symmetrical triangle can break up in both directions.
But so far Bitcoin continues to behave here and we should get a decision rather soon as we are reaching the angle of the triangle.
A breakout would be confirmed by a daily close above $445. A breakout instead would be confirmed with a close below $395.
To make sure that a winning trade does not turn into a looser we are moving our stop towards $382.