BTC tripled in 4 months - Will it close below 4hr support?

Here are Bitcoin's 4hr and daily chart notes:
* I am watching price action in the orange ovals
* Purple 4hr support is 20sma and trendline on daily (purple dot)
* Yellow lines mark supports on each time frame
* Pink line 56,000 is first major support on daily

While it looks like a pullback is healthy for more upside, when you zoom out to weeky charts you see there is much room lower to moving average supports.

Comment:

BTC was consolidating sideways on 4hr chart while the 20sma caught up. If this dip is bought to get price back over 20sma and the 10ema starts separating above, then price will break over consolidation and begin another bull run.

Comment:

Just like a roller coaster, going down is always faster than going up. On the daily chart you can see price touched the upper yellow support around 51,500 USD. Before 46,500 there is also a middle support around 48,800.

If you trade crypto and BTC is too expensive to produce good returns on your capital, start following and trading the BCH chart. Use BTC chart to help create context for your BCH trades.