Byzantine23

Byzantine23

The rising trendline from 2016/2017 on the log chart matches with a possible BTC H&S targeting 3.8k But the lower trendline on the falling wedge is at 5.4k and may form the low for this pattern.

Byzantine23

This is my long term LOG BTC Weekly chart but zoomed in to the 4hr to watch the price action as we navigate the downtrend from the highs (black) and long-term uptrend from April 2017 (purple) support/resistance.

Byzantine23

We have broken above the downtrend resistance (Black), but remain below the uptrend resistance from April 2017 (purple). The downtrend intersects with the uptrend support from August 2015 at 3k! The last swing high was at 9,200, so even if we break the uptrend resistance (purple) we still need to break 9,200 and hold.