If I managed to get the scaling right this is a Gann chart of BTC weekly. The next minor cycle with a possible turning point would be the 16-17 April 2018 but that is a small insignificant Gann time line. The more important ones are the 90 and 45 degree ones (market with dashed green vertical lines).
Until then I believe it's setting itself for a triangle...
BTC has been following this modified Schiff's pitchfork for a while now. Recently formed a H&S on the 4hr chart but that pattern didn't complete = bullish sign.
Today's volume exceeded previous day volume (but would have to wait on candle close to completely confirm).
BTC price has followed the pitchfork boundaries pretty well with a attempt to break out recently...
Above BTC is from Bitfinex considering highest volume.
Currently watching to see if it completes the H&S pattern
Neckline is the 4hr 200 SMA
If it does break it should go down to 7.7 k
Also the 4hr shows the 100 SMA (blue) under the 200 SMA (orange). If the 100 SMA goes above the 200 then maybe H&S won't complete. Will have to see
The vertical orange line is BTC...
