Target of 8000-8200 was my original target, but looking at this chart it might have a lot more room to go upwards of 9000 range. Once we change direction we are looking at a downtrend towards target of 6k to 5k bottom.
I am still not clear on the time frames but we might be looking at an extended time frame of 60 days max. If so there might be a lot of consolidation for this pattern to play out each way with the 6th of each month changing the movement as we go towards the end of the triangle.
Also, notice on the 18th of every month it puts the 'breaks' to that continuation from the previous 6th . This usually lasts two to three days. So for example if Bitcoin its going down on the 18th it will go up or stop the downtrend for two to three days and then see continuation again.
Another pattern to look for is on Friday evenings every week. Whatever movement Bitcoin is in, there's a boost towards more of that movement. Then it slows down a bit on the weekends.
I am currently long, raising stop limits on the way up. I will be going short if there's confirmation to the downside.
If the 6th of each month pattern plays out, we might deduce then that we will see a lot of consolidation at some point. During this sideway movement I will be looking into alts.
Look out for updates.
*** This is not Financial Advice. I am making these charts for myself to create a strategy on how to play my next moves. I am choosing to share it so I can hold myself accountable. ***