There is a consolidation between the green and orange lines. Watch out for any breakout or breakdown. Price can move in any direction (sometime two-side shadow or long doji candlestick).
Also, we have published an impressive strategy that has a good capability to predict the exit direction of the consolidations, presented in the below...
It's seems a falling wedge pattern is forming. Watch out for any breakout.
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Consolidation has occurred inside the triangle as expected in previous chart. Watch out for any breakout or breakdown. Price can move in any direction (sometime two-side shadow or long doji candlestick). But in current situation the possibility of moving up is higher.
Bitcoin has been supported in the range of 5000-5020. Support and resitance areas and important trendlines are drawn. Bitcoin has a price consolidation inside the drown triangle and there is a possibility of moving according to the blue scenario. Becareful about any breakdown below the dark green trendline.
Bitcoin is inside the 4H ichimoku cloud and a small rising wedge. So it can test the blue support zone (3920-3960) or green trend line another time. Only a close outside of the cloud or above the resistance zone (5140-5180) can change the trend.
Bitcoin has a good support in the range of 5140-5180. Another lower support is in the range of 5040-5100. Orange and red resistance lines are plotted. Bitcoin has a price consolidation and there is a possibility of moving in any direction. But now the possibility of higher prices is higher.
We have a new triangle with a resistance range of 3300-3350. Probably the green line and the blue support zone will be tested again. If bitcoin is supported in this range, the blue scenario is likely. Otherwise, the red scenario will happen.