Hunt Volatility Funnel (HVF) on 1 week chart.
Average true range generally decreasing over period under review. On balance volume generally increasing over same period.
Announcement coming up?
This is not advice of any kind.
Neckline is previous target of a Hunt Volatility Funnel. BTCUSD likely exhausted for now. Perhaps part 4 of 5 in Elliot Wave on day chart coming up then windup for 5th and longest run?
Not an exact head and shoulders (first shoulder highest), but ...
Volatility decreasing/squeezing for over a month. Symmetry looks good. Average true range at similar levels as just before previous major bout of volatility.
4.98 risk reward. Use proper position sizing!
Note that this is a fairly low liquidity coin.
Decreasing volatility last several days. Continuation of uptrend. Perhaps over-performs and touches ATH?
Open and stop are aggressive, for an risk reward ratio of 28.65 to 1. Moving open and stop out a bit recommended.