I believe we are in the very interesting situation where bitcoin
chart is creating upside down head and shoulders
formation. I put links to my previous ideas so U can see how this kind of formation is affecting future price trend. What I found is that when upside down head and shoulders
formation appears it most likely means that the current trend will follow.
There is also very interesting formation on the weekly chart where body of candles are hold by 38.2% with quite nice morning star candlestick