As we see in the pattern formed in the 1D chart, the green line is both a support line and a bull indicator. The upper red line, is just the opposite.
As MACD and others indicators and further external signals, as Brexit, unstable West/Est relations and new crypto coin from Telegram coming very soon, it will make jump high Bitcoin.
This a continuation of my last forecast. Because I wanted to show the larger picture of the downtrend channel and the possible bottom at the end of it, and from there, a new uptrend to come later this month or maybe in the next month.
Bitcoin is temporarily in a long downwards trend (see red lines marking a channel that way).
But there are a Shoulder Head Shoulder figure telling us to go to the A rectangle target.
The B, C and D indicators proves Bitcoin is in a temporarily long trend.
But remember the downwards channel... later after reaching A rectangle can reverse heavily.
As we see, the price has broken upwards the bearish channel. Also the ADX indicator it is crossing to the the red line and turning into a bullish trend.
Let's expect the price go to $11.000 and next resistance $11.800.
What I can see is Bitcoin is breaking the green trendline and maybe can go for the purple horizontal line of the triangle, that acts as a new support zone.
We can expect:
A/ Break completely green trendline
B/ Break purple horizontal line of the triangle
C/ May be head down to a major support trendline (in green and thicker line)
We should see a rebound in...