Big dump from 3015 and now retracing that dump, it'll retest the structure, fail and drop. Once it begins to drop, depending on market sentiment it could floor to 2800 or bounce at 2850 support. After ~2 days consolidation from the point it hits, it will fly up to resistance and test for the third time with a breakthrough. Shorting the bounce then longing the bottom.
Pushing daisies, retest bottom support, succeed and sky.
With the halving coming up, news and FOMO, this could get push up drastically fast. This is open to interpretation, make of it what you will. BTCUSD @ 1.618 ($685) by the halving or some time after.
Due to the monthly chart, I'm assuming this rollercoaster won't end so I'm bearing this to the grave. Clear downtrend, may encounter resistance but I don't think it will bull this high, therefore I'm shorting until target is achieved.
There may be a price hike, we might go sideways before making higher highs. It looks like a turnaround from here.
Double bottom bat rally to rise ~109.6 I'm generally new at this so I'm posting this idea for feedback on why it may be good/bad.