Still alert: Bitcoin form a simetric triangle; key Daily chart!Bitcoin still into this consolidation from yesterday. And we see that Bitcoin it's so higher. So, lets me see to show you the Daily timeframe and chart analysis:
In this blue clear square, we are into this bearish chartist pattern and also we could see an important correction because we are in the higher zone that Bitcoin could be so volatil to then, liquidated all long positions. And today the candlestick today has grow up 50% of the latest candlestick yesterday that I note that it's bearish. It's very important to look the Daily chart to know the situation of the market and perspective!!!
Looking more deep, we are into this correction #4 of elliot wave analysis and then, we could see during the trend a possible pause to make a relax before to continue up.
And finally, in H4 I draw this arrow red and green to identify the up and the down, it's easy the up are greens and the down are reds. Now, I mark also a trend line that work in 2 ocassion as support and resistance as Bitcoin could have any possibility to make a drop toward the $17,400 USD again.
Now, I want to discuss your plan if you're prepared for the drop!!! What do you think about it?
