In case of pessimistic scenario the price will grow to the $8500-$8600 zone and then will fall back to the $8000 which will complete formation. Then the price will decrease till the next around $7200.
In case of optimistic scenario the price will move out of Ichi cloud making it the strong and will go above $9000 which will complete Bull's and will open the way to a higher level of trades.
We recommend to carefully track BTC price movements and put a stop loss in case of pessimistic scenario on all your trades. In case of optimistic scenario we will provide you with new good signals and trade opportunities. Currently all trades are very risky, the market hasn't recovered yet, be patient.
How about BTC at this level?
Did it make the second dip to form a shallow right shoulder and now about to touch the neckline, 4hr. chart, and hopefully crossing over the upper long-term channel trend line at the same time?