VEN/BTC is forming a pattern at this moment.
If the thin yellow could not hold, the possible price would fall into the thicker yellow which is near Fib Ret 61.8%
On the other hand analysis does not say it is . It is because chinkou span hasn't yet cross below price, and the projected cloud is still inclined upward.
indicator also agrees with by:
line rising while line dropping, and line shows no trending.
By this kind of comparison, we cannot conclude it is a market.