BTCUSD deep analysis

We all know that BTC perform badly and failed to break resistance at previous bullish run,
but, lets take a look at price movement :

1. Symetrical triangle already break up (blue colour)
This pattern perform since November 21, and success to break up at 17 February, and this is a very good sign for bullish.
symetrical triangle projection at 5150, but we cannot aim too much target for now.

2. Resistance failed to break up (orange colour)
At february 19, Bitcoin try to break up 4185 resistance, but failed.
This is not a bad news for bullish, because as we can see higher high and higer low keep perform, and this is a great sign for bullish.

3. New symetrical channel up perform (green colour)
With higher high and higher low, bitcoin perform a new channel up, and this is a bullish pattern. This pattern failed only if new lower low perform.

4. Classic support and resistance perform (red colour)
We can see that new support from previous resistance perform (classic support and resistance)
3670 become new support level for bitcoin, and if this level break down, all this pattern failed.

5. ABCD fibonacci pattern perform (black colour)
and last bullish sign is 3670 are 618 fibonacci support, this support perform new ABCD fibonacci pattern with target at 4400.

Conclussion :
1. 4185 will become bullish key level, if this level break up, bullish will continue to reach new hope for BTC and altcoin
2. If 3670 break down, all this bullish pattern failed. and bitcoin will continue to perform bearish again
3. Bullish target at 4400 as fibonacci projection, and we also have higher target at 5150 from symetrical triangle projection.

Good luck
analyze by : Rendra Azrul