Daily low and high Pivots with resistance major resistance above 8234 gives a good probability of a failure and retrace to 7395 (HIgh Daily Pivot) if 7903 doesn't hold as recent pivot.
If 7395 breaks then we should pivot on 6979. Then long up to 8234 and if BTC can punch thru this time very little resistance is above the Major Resistance marked out on the chart....
BTC price is being manipulated so I think the following will happen
There has been a lot of BTC collected on the HVN's as posted earlier. I believe we go up to sell off before going back down to @2500.00 area to buy that HVN up.
Then the price is run up again to either sell off higher or to moon.
What do you all think??
On the 1 day chart you can see in the past when this candle structure was form (Square Boxes) Bitcoin went up!
So if this is an indicator of current candle structure (Square Box) Bitcoin has a high probability of breaking out up!