first step is to break up from the bull flag, test the 0.786 (blue line) which now acts as resistance but after btc will break it, it will be support.
next step is to test the top of the downtrend channel (dotted falling line). it will test it a few times so the inverse head and shoulders will be completed.
a break up from the neckline will boost btc back to the double top area (the 0.618 ... around 11.5k).
a fail to break up from the downtrend channel will most likely make btc to go down to the green rising trend line. this line acted as a support for a very long time.
i personally think it will go up because there are a lot of money on the side waiting for an uptrend confirmation, also i have reasons to believe that whales got their bags full on this downtrend and now the market will be pushed up.
this is just my ideea not a trading advice.
hit the like if you agreee ..... or not :)
next step is to test the top of the downtrend channel (dotted falling line). it will test it a few times so the inverse head and shoulders will be completed.
a break up from the neckline will boost btc back to the double top area (the 0.618 ... around 11.5k).
a fail to break up from the downtrend channel will most likely make btc to go down to the green rising trend line. this line acted as a support for a very long time.
i personally think it will go up because there are a lot of money on the side waiting for an uptrend confirmation, also i have reasons to believe that whales got their bags full on this downtrend and now the market will be pushed up.
this is just my ideea not a trading advice.
hit the like if you agreee ..... or not :)
without volume it will spend a little time here, then right up to the top of the downtrend channel.