If we can hold and bounce here I expect breakout now.
Close above 8200 on the daily would be very good sign for the bulls.
We are testing the resistance line, no breakout volume as of yet.
Seems bitcoin could pullback to the 8000-8100 again but I'm not expecting 7800.
This is a good place to hedge a short if you have gotten a good entry near the local bottom.
I expect some red today/tomorrow and a breakout come Monday.
Stay safe out there!
Unfortunately it is Sunday and we have left the pattern with low volume.
If we don't see some increased volume with this move come Monday I will be taking some profits early.
Good luck everyone!
Also consider opening a Bitmex account using my ref link if this idea proved profitable for you =)
Looking like we may retest 8k.
Looking at a 15 minute head and shoulders and a fractal on the hourly + hidden bear div.
We need to make a higher low otherwise this idea is invalidated IMO.
Bear flag failed to swing below the 8270 level and reach it's target.