Update: $BTC is now finally in stage 3 after its initial break out of $4,200. It has now completed the major pattern that’ll help tell the storyline for the next weeks move. It is indeed a Bullish pattern, a Bullish Hooligan is now in play. A breakout will indicate further bull days ahead while a BD, will show the first bearish move since the break and the first step of the Bull Trap. A decision could be made within the next 3-4 hours. Any side consolidation would still favor the bulls. That’s a 2:1 for the bulls.
At the moment Bitcoin is on its third attempt to breakdown near support levels.
At the moment Bitcoin is on its third attempt to breakdown near support levels.