Pullback on daily supportive area. Short-medium term, in case of fast bullish spikes above 6k, take profits.
BUY STOP, PROFIT TARGET as attached.
I think that if there will be a bullish pullback in the next hours and big volumes confirming the swings, we should try to reach the 23.6%-38.2% area first, and after a bullish breakout, the continuation should stop at...
this situation seems like a accumulation/distribution phase, where prices use to float into a trading range area.
After a squeeze outside the triangle and rectangle area we'll understand where the money flows are going!
Basing on the hypothesis of "Sell in May" we have a 66.66% of accuracy
(8 red months, 4 green months, so 8win/12trades).
It should be a nice start for a study on statistical cycles patterns, seasonality and other things....
All thanks to Enrico!!
I think that BTC is into a big price congestion between 6500 and 6200, a squeeze above or below those levels will create some directionality!
Ichimoku's Kumo is the first target to see a bullish correction above 6800-7000 US dollars.