So... segwit is getting sold, mempool is full and 2x drama is incomming. I see bitcoin testing trend line and if broken would except testing 2900-3000$ range.
Look at 6h, 12h or 1d scale. We're reaching lower highs and inverted U is being formed. That's a bad sign.
Bullish on bitcoin, reasons:
-Hammer daily candlesticks
-Trendline broken and retested, at this moment we're creating bull flag
-4200$, strongest support
Once we cross 4200$, the real party begins. Good luck and happy trading :)
bitcoin has created inverted cup&handle.
-bitcoin bounces off H&S line (~2260$) and we attack ATH
-we break H&S line, one moment later we break trend line and the bubble is over and we go back to ~1500$