Multiple scenarios for Bitcoin. 13 APR Update.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I believe BTC -0.15% will form a pennant at this level between $7500 and $8300.
Falling below purple line is a bad sign.


Uncertain scenarios are painted with yellow lines
Possible critical areas are in yellow boxes.

Bulls taking over the market and taking the price upward.

1) Possible corrections if pump happen
2) Possible support formation in a sideways movement.

Possible corrections, but bulls are losing power.

MACD 2H seems like it is about to cross.
MACD 1H already crossed and is heading downwards.
Given this information, I think BTC -0.15% is going to go downwards a bit before any more pumps.

Maybe another pump would happen, but I think the maximum it would hit would be $8600 before going back to at least $8000 - So I'm not losing that train right now, in my opinion.


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