This is my view, I dnot want to scare anyone, but this is what I see on the chart. So get ready for anything.
It is called as Roof Pattern, read more here.
It can break up or down, when it breaks get ready.
Targets are 6400 or 20500.
It is very hard to get the last level, dnot try bottom fishing.
Ex: 7500 x 6.5 x = 48000? is the next target for BTC?
Still, the Roof pattern holds good. Price has to break it decisively.
We broke the roof top pattern and formed a downtrend channel. Price is following into the channel. But there is a strong support at the demand zone. As long as support holds the demand zone, we can buy there and sell on top.
1) Price on trendline
2) Forming a symmetric triangle pattern which can breakout soon.
3) Price is above the support.
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