On daily base we have 2 Symmetrical Triangles. BTC
has got out of (not breaking it) Symmetrical Triangle #1, price touched STriangle #1 Lowerline twice (2 black arrow). From there double bottom
pattern has merged and the current uptrend has started as evidenced by ADX
reverse (black arrow on ADX
went back to ranging area but it did not stay there (as I have predicted it)
by breaking the ranging upperline with high volume
although breaking of STriangle #2 Upperline has not been confirmed yet.
The ideal bullish
scenario would be a retest of Uptrend Lowerline or even STriangle #2 Upperline (Valid until 10 Nov 11:30 as shown by block dot).
There is a descending triangle forming on both 5M & 15M chart.