1375 is the general area of this inverse head and shoulder support. a breakout of the previous all time high could start a larger move to the macro rising triangle pattern.
tHE 4h CHART IS OVER EXTENDED AND REACHING THE SUPPLY AREA. A 5 WAVE TRIANGLE PATTERN IS LIKELY TO OCCUR, KEEPING BTC RANGEBOUND FOR A LITTLE WHILE LONGER BEFORE EITHER BREAKING UP OR DOWN FROM THIS PATTERN. THE ODDS ARE SLIGHTLY IN THE FAVOR OF UPSIDE DUE TO THE MACRO TREND. IF THIS TREND LINE IS BROKEN EARLY THE IDEA IS NULLIFIED.
CONSECUTIVE BULL FLAGS NOW HOLDING SUPPORT OVE RPREVIOUS RESISTANCE. TARGET IS THE FLAG POLE HEIGHT AND POTENTIALLY THE 1.618 FIB. HIDDEN BULLISH DIVERGENCE ON THE MACD.
CONSOLIDATING UNDER THE 200D MOVING AVERAGVE WITH BULLISH PATTERNS. TARGET IS RECENT SWING HIGH AND 1.618. HIDDEN BULLISH DIVERGENCE WITH INDICATORS.
CUP AND HANDLE INSIDE A TRIANGLE. BULLISH DIVERGENCE ON THE MACD.
Triangle breakout and back test. Currently bouncing off the support with the measured move target at the 1.1 Fibonacci extension with 1.618 being the highest expected target.
