As you can see in my post I have a couple of reasons for you to decouple from the VET/BTC chart and start to focus at something more interesting and most important - away from Bitcoins usual manipulation!
First of all, I would like to point out that beautiful uptrend we had the last months beginning from ~January.
1. We are building support ABOVE the 25 EMA! (green line)
That is, in my opinion, a very sign.
2. We are currently building an which can be seen or depending on the outcome.
We can't predict which direction but we can say we will see a massive reaction soon as we are squeezing into old resistances at 9034. Once that resistance is broken we can confirm the end of the bear trend and the start of a new .
3. 50 (yellow line) Weekly just showed up!
This is the most interesting point the 50EMA showing up means more price action, currently above our price standing at ~8200 and acting as resistance. This can change soon as well and it could be the ultimate indication for an ending once we get the 50 as support.
14 is moving perfectly in the drawn channel!
Here is the 1W chart printed, so one candle is one week.
Don't get your emotions rolling faster than the chart prints candles.
Currently fighting to hold the RSI 14 channel. We will see what pattern will build up next