Quite the chop chop with Bitcoin Strong support around the $6200 and resistance around $6400
Watch for: - Btc is testing the 1 Fib - Flag pennant is forming (watch for the BO) - Also possible symmetrical triangle is forming (watch for volume) - Oscillators are indicating more bearish momentum - Decreasing volume
Action step: - Wait for the breakdown of $6200 or breakout of $6400 - Put in your S/R lines for more confirmations - The 4 hour chart is creating a possible downward trend therefor invalidating the triangle