BTCDJS1

BTC has broken through some resistances after making what seems to be a double bottom A & E pattern. Price has dropped to the bottom boundary of a channel which also intersects with a horizontal which was previous resistance and should now act as support. Next major resistance is around 11.8k. After that there should be a decent correction resetting some...

Since price failed to capitulate lower near the 5.5k-6k range and seems to be coiling up now. It is poised for a move in the upward direction near 7.8k-8k. It will almost certainly be rejected at that price and come back to test the 6.5k-6.7k support. It could bounce between these two levels or possibly make a play for 9k. After that is anybody's guess. But fail...