Price is at the POC on the Daily time frime and above the 200 MA. Original idea by @Benko in Digital Frontier.
Declining volume, near completion of bearish triangle.
35%-40% drop to next major support if clean breakdown from triangle on high volume
Target 5100-5500 sats
Invalidated with strong upward break of triangle on high volume.
Price may form more complex structure/patterns before reaching next target
No time frame
30 min stoch RSI is always a great scalp or entry for a long on bitcoin. Bottom Stoch RSIs on higher timeframes also make the chance of bitcoin going up a lot higher. If higher stoch RSI timeframes are coming down then the 30min is best for a $100-$200 scalp
Waiting for BTC to continue in the small upward orange channel out of the larger pink downward channel. $5600 is key support area. A strong bounce there will continue uptrend and a breakdown from there would take us to $5450