Right now I have no position, but if we cross this thin red line downwards, I will make a small short again of 4-5 USD (as long as it's inside the gray lines) finally we see some clearer formation of a bear flag/pennant. The reduction also indicates the same.
So, to take the most out of TradingView we can set up alarm on this thin red line with "crossing down" option and when that goes off, we can open small short unless we have had a huge spike of on that candle going up.
Next, we can set up alarm on that line slightly below the bottom and go short if the confirms the break out (spike in relative to the near 5 candles or so). This is the main potential play.
Finally, we can set up another alarm on the green line slightly above the to either go long (very small, of about 4 dollars, as we don't have a clear target) if we have huge on the break up (which is very unlikely but possible) or just to know that our bear pennant/flag has failed and is irrelevant now.
As usual, Happy Trading :)
In fact, It's more likely that the historic supports and trend lines have the priority over pattern targets.
I closed my position and will go to sleep (although it does look tempting to open another short, I am too tired and have a rule not to open trades when I am sleepy, as I can be sloppy). If you do listen to this and open another short don't blame me, as I said I am not even trusting myself to do it in this state. Have fun!
Good luck and happy trading!
It is probably only temporary, until right before or right after 1st August
Probably a good time for altcoin investments if you are NOT interested in gambling the BTC fork