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This is my take on what could potentially play out over the next couple of months.
BTC has been bouncing in this symmetrical triangle for a while now.
Targets depending in which direction it break, upside = $16000 (more likely option)
downside = $430 (less likely option)
It's a simple bear flag. If we look at the previous drop, it followed close to the call of a bear flag. Rough target $180.
Everyone ready for swell??
Many ascending triangles in current bull market.
Ascending Triangle, News coming soon.
In a about 2-4 4hr candle closes we will see ZEC being squeezed and pop.
Candle will close around 4350 (on ma) and resume uptrend.
Bullish uptrend to new ATH and on completion of Elliot waves we will enter a bear market.
1-2 hours, squeeze.
Currently forming a Head and Shoulders pattern as marked out on the graph. If it breaks through $3515 it will fall to atlas 2900. It may rebound back towards the neckline before falling.