cryptoneto

Consolidation is the name of the game

BITSTAMP:BTCUSD   比特幣 / 美元
There is a lot going on at the same time. BTC             futures disrupting everything we know about crypto so far, major bear channel , potential bull channels. Major supports and resistances being tested, etc.

With all the uncertainty, I'm looking for 2 things:
1- consolidation. would be nice to see consolidation in an ascending triangle towards the testing of an important resistance or a pennant . This will be a nice signal that bulls are back in the field. Of course after this, I will be looking for a breakout.
2- Breaking the bear channel . Note that the ceiling of the bear channel can become triangular as we progress into the future.

Also keeping an eye on the 3 potential recovery channels in black, red and blue. They are great candidates for the bulls to re-assemble. all dotted lines can act as support or resistances, so looking for bounces out of any of them to get a hint of what structure btc